...and soon to come.
Do you remember this statement? “If you make less than a quarter of a million dollars a year, you will not see a single dime of your taxes go up.”
If you guessed Barack Obama, you're right: October 7, 2008, Presidential debate.
It didn't take long to crawfish on that promise! Americans for Tax Reform
I don't smoke, so it doesn't effect me, but I do have a couple of problems with him raising this tax.
First, the average median smoker makes around $36,000 a year and one in four is at poverty level. $.61 a pack is more than "a single dime".
Next, if he doesn't put the American tobacco industry out of business, the new tax will slow sales and produce employee layoffs.
I don’t have a problem with spending the money on indigent children’s healthcare; but I do have a problem with including families making over $60,000 a year. Wikipedia
With unemployment hitting double digits this year, the 11 million low to middle class children they target will grow to 30 million completely uninsured children...so get ready for the pricetag to skyrocket.
Lastly, watch for more store robberies and theft. If you can't afford your cigarettes, just steal them.
But I could be wrong...
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