Popular
What Happens Next for the S&P 500? Pick...
Is It Time to Lower Our Market Expectations?
Silver Crown Royalties Closes Final Tranche of its...
Tech 5: NVIDIA Hits Market Cap Milestone, Harmonic...
Sun Summit Commences Drilling and Provides Exploration Update...
Apollo Silver Enters into Investor Relations Agreement
Stallion Uranium Announces the Completion of Coyote Project...
What Happens Next for the S&P 500? Pick...
NorthStar Gaming Announces Grant of Equity Incentive Awards...
The CappThesis Market Strength Indicator: What It’s Telling...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
Politics

Biden Will Eliminate More Jobs By Targeting The Tobacco Industry

by June 22, 2022
written by June 22, 2022

The Biden administration has set their sites on yet another industry they intend to dismantle, potentially dismantling billions of dollars in national revenue and eliminating thousands of jobs. 

The administration is trying to implement a new FDA rule that effectively bans nearly all nicotine in cigarettes. The aim is to reduce the number of smokers and achieve Biden’s “moonshot” to eliminate cancer. 

Pleased Biden Administration is continuing to advance the framework for reducing death and disease from tobacco we announced in Summer 2017

The key element was regulating nicotine so combustible cigarettes could no longer create and sustain addiction…https://t.co/a21Zwef9FT

— Scott Gottlieb, MD (@ScottGottliebMD) June 22, 2022

According to The Wall Street Journal, “FDA officials said reducing nicotine in cigarettes to very low levels would prevent future generations from becoming addicted to cigarettes, and help current smokers to quit or switch to less-harmful alternatives.” 

“According to an FDA study published in 2018, such a rule would prompt an additional 13 million adult smokers to quit within five years of implementation,” the report continues.

Tobacco companies have noted that the move could potentially eliminate hundreds of thousands of jobs. According to industry statistics, just over 11,000 jobs could be at risk if the initiative is accomplished. 

However, critics feel like Biden’s plan will fail. 

Guy Bentley, director of consumer freedom at the Reason Foundation, told the Washington Post in a report that “the proposal would ban most cigarettes currently sold in America.” 

Bentley noted, “Combined with the Biden administration’s proposed ban on menthol cigarettes, this would amount to an effort similar to the prohibition of alcohol in the 1920s.” He told the Post that he could only see failure as an outcome of this newest Biden initiative.

Biden’s “moonshot” initiative would take years to enact and could easily be reversed under a future administration. Most likely, the initiative could lose to heavy lobbying by the $100 billion annual Tobacco industry.

The Biden administration’s bid to essentially take the buzz out of smoking cigarettes would be unprecedented in the long-running public health fight to curb tobacco use.

But it’s sure to face vigorous opposition from tobacco interests. https://t.co/OcmXvKBWhv

— Axios (@axios) June 22, 2022

Regardless of the possibility, Biden is pushing ahead and is not considering the impact on the economy, the job market, or the average American. It follows suit with his climate change initiatives that have driven gas prices to record highs, failing infrastructure management leading to supply chain failures, and much more. 

The post Biden Will Eliminate More Jobs By Targeting The Tobacco Industry appeared first on The Gateway Pundit.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Baltimore Ravens Linebacker Jaylon Ferguson Dead at 26
next post
Magnitude 6.1 Earthquake in Eastern Afghanistan Kills at Least 1,000 People

Related Articles

Early voting in Wisconsin slowed by label printing...

October 24, 2024

American creating deepfakes targeting Harris works with Russian...

October 24, 2024

A GOP operative accused a monastery of voter...

October 24, 2024

Tucker Carlson says father Trump will give ‘spanking’...

October 24, 2024

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking...

October 24, 2024

Biden spurs controversy by saying ‘We’ve got to...

October 23, 2024

McDonald’s where Trump served fries hit with flurry...

October 23, 2024

In close race that could tip House, candidates...

October 23, 2024

As Democratic icons stump for Harris, GOP elders...

October 23, 2024

Past Trump advisers say he’s fascist. Trump says...

October 23, 2024

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • What Happens Next for the S&P 500? Pick Your Path!

    July 14, 2025
  • Is It Time to Lower Our Market Expectations?

    July 14, 2025
  • Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement

    July 14, 2025
  • Tech 5: NVIDIA Hits Market Cap Milestone, Harmonic Raises US$100 Million

    July 14, 2025
  • Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC’s Toodoggone District

    July 14, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing