[20211006]IF11941_H.R.拟议烟草消费税变动5376和解法案.pdf

https:/crsreports.congress.gov October 6, 2021Proposed Tobacco Excise Tax Changes in H.R. 5376, the Reconciliation BillFederal tobacco excise taxes are a continuing interest for many in Congress seeking to improve public health and to raise revenue. Today, the tobacco tax is one of the largest federal excise taxes. In FY2020, it raised $12.4 billion for the General Fund. A range of tobacco tax increases are included in H.R. 5376, commonly known as the reconciliation bill. In addition to increasing most of the currently existing tobacco tax rates, H.R. 5376 would levy a tax on other products containing nicotine, such as e-cigarettes. The Joint Committee on Taxation estimates that the proposed tobacco tax increases would raise $96.8 billion from FY2022 to FY2031. Economic research suggests that a tobacco tax increase is an effective way to decrease consumption of tobacco products. At the same time, a tobacco tax increase would most likely be regressive, meaning that people with lower incomes would pay a higher share of their income in tax than people with higher incomes. This is largely because people with lower incomes are more likely to consume tobacco products. Also, a federal ta