Who will these taxes hurt, exactly?
Posted January 14th, 2009 at 12:15 PM by Jon HamPelosi, Reid and Obama claim to be a “friend of the woikin’ man” (to quote Randy Newman). Why, then, are they pushing a tax that will hit him hardest?
Every legal tobacco product from premanufactured cigarettes and cigarette papers to cigars to roll-your-cigarettes, pipe tobacco, and smokeless tobacco will be taxed out the wazoo. Take roll-your-own tobacco. It’s currently taxed at $1.0969/lb. The Obama/Democrat S-CHIP plan would hike that to $24.62/lb. Cigarette taxes would rise from $19.50 per thousand to $50.00 per thousand for small cigarettes and from $40.95 per thousand to $105.00 per thousand for large cigarettes.
January 14th, 2009 at 7:55 pm
Why don’t they do the honest thing and just ban cigarettes and other tobacco products if, as they say, they’re so bad for people?
Oh, right. They don’t want to give up all that tax money. Government makes more money off of each cigarette than the tobacco companies and tobacco farmers do combined.