The Negative Economic Impacts of the New Nicotine Tax Imposed Only on Vapor Products In the Reconciliation Bill (HR 5376)
Vapor Technology Association > Blog > The Negative Economic Impacts of the New Nicotine Tax
Imposed Only on Vapor Products In the Reconciliation Bill (HR 5376)Prepared by John Dunham & Associates
THE NEGATIVE ECONOMIC IMPACTS OF THE NEW NICOTINE TAX IMPOSED ONLY ON VAPOR PRODUCTS IN THE RECONCILIATION BILL (HR 5376)
- The vapor product industry is an important part of the US economy. About $8.1 billion in vapor sales lead to 133,600 jobs and $22.1 billion in economic activity.
- About 35,000 of these jobs are held by people working for the over 9,850 independent adult-only, retail vape shops located across the country. Even so, the number of independent adult-only, vape shops has fallen by 27 percent since 2018 as a result of new state and federal taxes and regulations.
- Congress is currently deciding whether to impose a new tax only on vapor products of 2.78-cents per milligram of nicotine, believing that such a tax would “equalize” or create “parity” with cigarette taxes.
Find and contact your senator: LINK
USPS – VAPE MAIL BAN COMMENT PERIOD IS OPEN
- February 23, 2021
- Former President Trump signed the 2021 Appropriations bill into law on Dec 27, 2020. Included in that 5,000+ page bill was language that adds “electronic nicotine delivery systems” (or “ENDS”) to shipping regulations enacted by The Jenkins Act and The Prevent All Cigarette Trafficking Act (PACT Act). The practical effect of the new law is a ban on shipping vapor products through the USPS.
Complicating matters, even if small, independent vapor retailers find carriers willing to ship their products to consumers, the compliance issues are likely beyond their means. For example, the law requires sellers to be compliant with state, local, and tribal tax laws that are inconsistent across the country and subject to change on an unpredictable basis. Currently, the human and technological resources required to fulfill these requirements are only affordable by the largest companies. Complying with federal law means that tobacco products being shipped require market authorization from the FDA, and a way for shipping companies to verify that a product and its manufacturer meet this requirement. Continue Reading and submit comments.
Landmark e-cigarette report explodes myth that vaping is as toxic as smoking
by Guy Bentley | January 23, 2018 11:20 AM
A mammoth new report on the public health consequences of e-cigarettes finds there is conclusive evidence that e-cigarettes are less dangerous than regular cigarettes, and smokers who switch to vaping will reduce their exposure to lethal toxicants and carcinogens.
Amounting to more than 600 pages, the National Academy of Sciences, Engineering and Medicine's report attempts to examine the health consequences of e-cigarettes for the population as a whole. All in all, NASEM presents 47 conclusions categorized by different levels of evidence, with "conclusive evidence" being the strongest.
According to the report, "there is conclusive evidence that completely substituting e-cigarettes for combustible tobacco cigarettes reduces users’ exposure to numerous toxicants and carcinogens present in combustible tobacco cigarettes." The findings add to the already weighty body of evidence showing vaping to be far less hazardous than smoking.
To read the whole story click here
The ohvta board and membership would like to say thank you for the huge win granted to vapors in florida with the veto of bill that would have restricted flavors from vapor products.
This is amazing news and we should support the Governors action by supporting him via social media.
Please comment on Governor Desantis's twitter & facebook profiles here:
Just announced: 9/10/2020
the 2020 National Youth #Tobacco Survey (#NYTS). "Current use" of #ecigs down from 27.5% last yr to 19.6% among HS students,10.5% to 4.7% among MS students. Only 4% of all HS & 0.5% of MS students reported daily use.
Read the release here: New data
CDC Report: Click Here
All Vaper business owners, Our petition has been docketed. Please go leave comments on the docket. This is in regards to a 180 day deferral of the PMTA deadline due to complications and roadblocks caused by the COVID-19 pandemic. Leave your comments
CLICK HERE TO COMENT: COMMENT NOW
February 27, 2020
ALERT! HR 2339 now includes a massive vapor tax which NIH funded experts have concluded will INCREASE cigarette sales and smoking! Flavor bans and taxes of this nature will kill the 13,000+ small vapor businesses and force adults back to smoking or the black market.
If you are in one of these groups, CALL your Representative TODAY and tell him/her that you OPPOSE HR 2339. The bill is scheduled to be heard Friday morning! Act now.
find your representative and make your position known!
click here to find your rep.