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Photo: Eva Hambach/AFP/Getty Images

New York Reps. Tom Suozzi (D) and Peter King (R) will announce Thursday a bill that would introduce a federal tax on e-cigarettes and codify into law a ban on flavored e-cigarette and tobacco products.

Why it matters: It's the only bipartisan federal legislation that introduces a tax on e-cigarettes.

The legislation, branded as the Quell Underage Inhaling of Toxic Substances (QUITS) Act, would ...

  • Raise the federal tax on cigarettes from $1 per pack to $3 per pack.
  • Tax e-cigarette products at the equivalent of $3 per pack.
  • Increase the CDC’s Office on Smoking and Health's budget to $500 million from $210 million.

What they're saying: "In New York state, where cigarettes are more expensive than anywhere in the country, our smoking rates and negative health effects are lower than in states where ... tobacco products do not cost as much," the pair of lawmakers said in a statement announcing the bill.

  • "We want to take the New York model and use it to improve health outcomes across the country."

Go deeper: The global anti-vaping tipping point

Editor's note: This story has been updated to correct Peter King's name.

Go deeper

Fintech's record year

Illustration: Annelise Capossela/Axios

Massive venture rounds into fintech companies have ballooned this year, pushing up total dollars invested — in just the first three quarters of 2021 — to nearly double the amount in all of 2020, per new PitchBook data.

Why it matters: The maturing of fintech startups means a growing number of companies are able to raise huge later-stage funding rounds as investors look to lock-in their bets.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Democrats' clean power outlook is very muddy

Illustration: Annelise Capossela/Axios

Here are two big questions as a key Democratic proposal to slash emissions from power generation flounders: how much its demise would sap climate protections, and what might replace it.

Catch up fast: New financial carrots and sticks for utilities to deploy zero-carbon power — the Clean Electricity Performance Program (CEPP) — look unlikely to stay in Democrats' big social spending and climate bill.

1 hour ago - Health

CDC: Unvaccinated are over 11 times more likely to die from COVID

Expand chart
Reproduced from CDC; Note: Data represents 30% of Americans across 16 jurisdictions: Alabama, Arizona, Arkansas, Colorado, Connecticut, Florida, Georgia, Idaho, Louisiana, Massachusetts, Michigan, Nebraska, New Mexico, New York City, Seattle/King County, Wash., Utah and Wisconsin; Chart: Danielle Alberti/Axios

The CDC recently published data evaluating Americans' rate of coronavirus cases and deaths by vaccine status, providing more data on which vaccines are working best and how much protection they offer relative to being unvaccinated.

What they found: As of August, unvaccinated people had a more than six times higher risk of testing positive for the coronavirus, and were more than 11 times more likely to die from the virus.