House Democrats have proposed a tax hike on tobacco and nico...

House Democrats have proposed a tax hike on tobacco and nicotine to help fund their $3.5 trillion spending plan. Opponents say the measure may violate President Joe Biden’s pledge not to raise taxes on Americans making less than $400,000 per year. The tax may bring in more than $96 billion over the next decade, but it may be a “risky” source of revenue, policy experts say. $Nasdaq Composite Index(.IXIC.US)$ $S&P 500 Index(.SPX.US)$ $Dow Jones Transportation Average(.DJT.US)$