CiVL News: Mar 27, 2026, 1:05 PM PDT -- Nicotine Taxes, Iran War Costs, and Wealth Tax Schemes Drive Friday's News

Here's your latest episode from the Reason Magazine CiVL News Roundup produced by CiVL.com. This episode explores new policy proposals, including a nicotine tax in New York and a federal wealth tax, alongside developments in foreign policy and government surveillance. It also covers legal challenges faced by former FBI agents and a reduced sentence for Elizabeth Holmes. • New York considers a 75% wholesale tax on nicotine pouches like Zyn, projected to raise $44 million by FY2028.• A Morning Consult poll found less than half of New Yorkers support taxing nicotine pouches at cigarette rates.• Events in Iran, including over 10,000 targets struck, have reduced Strait of Hormuz traffic by 94% and increased gas prices by $1 per gallon.• Rep. Jimmy Panetta advocates for Congress to reclaim trade powers and remove presidential tariff authority under Section 122.• Elizabeth Warren's Ultra-Millionaire Tax Act proposes a 2-3% annual tax on wealth over $50 million, projected to raise $6.2 trillion over a decade.• Trump now supports an 18-month extension of FISA Section 702, a reversal from his previous stance.• Two former FBI agents fired from the "Arctic Frost" investigation were granted anonymity to sue for wrongful termination.• Theranos founder Elizabeth Holmes had her sentence reduced by one year. Join CiVL and be part of building the future you want to live in. Be an early adopter. We're just getting started. Human respect, a core tenet of CiVL's vision, recognizes that the path to a flourishing civilization does not lie in more efficient forms of coercion, but in the widespread adoption of human respect as a primary value. By moving away from the "Conflict Machine" and toward a culture of voluntary cooperation, we align ourselves with the natural requirements for human well-being. We built CiVL News out of our passion for free and open access to information. Follow the topics you care about, and don't be subjected to algos! You're invited to build a hub with us for ideas that upgrade civilizations.