Bush Vetoes SCHIP

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President Bush just vetoed the bill to expand SCHIP, the State Children's Health Insurance Program, to cover an additional 4 million kids from lower income backgrounds. While the Senate has the votes to override the veto, the House does not.

The bill would fund the expansion by placing a new excise tax on cigarettes -- anywhere from 61 cents to one dollar a pack. Bush's primary argument against the bill is that it extends coverage to too many kids, and might draw families away from paying for private coverage.

Because when it comes to the health of their children, parents are always looking for a bargain.

Just to review: in 2000 and 2004, according to the Center for Responsive Politics, President Bush received over $260,000 and $800,000 from Big Tobacco and HMO's, respectively. Contributions from low-income children? $0.