The bill, titled the “End Tobacco Loopholes Act,” aims to amend the Internal Revenue Code of 1986 to address tax rate disparities among various tobacco products. It proposes significant increases in excise taxes for numerous tobacco items, including cigarettes, cigars, roll-your-own tobacco,...
Simple Explanation
The bill wants to make sure all types of tobacco, like cigarettes and vaping liquids, have the same taxes, so people don't buy one because it's cheaper. It raises taxes on these products and checks every year if they need to go up because of inflation, but it doesn't say how this extra money will be used.