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Ive been hearing about SCHIP. What is it and how will it effect the price of my favorite tobacco product?

April 26, 2017favorite hearing price Product schip tobacco

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Ive been hearing about SCHIP. What is it and how will it effect the price of my favorite tobacco product?

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A. SCHIP stands for State Children’s Health Insurance Program. After several years, this program was finally signed into law on Feb. 4, 2009 and goes into effect on April 1, 2009. It raises the federal tax on all tobacco products substantially.