Winning and losing
From the Congressional Research Service is a report senators and representatives had when they voted to expand SCHIP entirely with tobacco tax hikes:
They'll raise $7 billion for the chilren's health program ...
at a cost of $1 billion in lost state and local tobacco tax revenues and another half-billion dollars for due states in tobacco settlement funds.
It gets the SCHIP money, which was the goal. But who fills the holes for state and local governments?
Tip to Dome.
Comments (2)
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Doug:
Nearly all of the SCHIP money goes right back to the states. The state programs are partly funded through matching grants from the federal government. Effectively, this means that the states get about $6 billion to add to their existing SCHIP programs instead of $7.5 billion. Put another way, the match is less generous than it initially appears. Nevertheless, the states are still able to tap more matching funds than they could before.
Posted on February 9, 2009 6:00 PM
And how much is in porculus to get people to stop smoking?
I don't know which one to cheer for.
Posted on February 9, 2009 8:44 PM