Wednesday, January 28, 2009

Webb Withdraws Amendment to Reduce Tobacco Tax Hike

Sen. Jim Webb (D-VA) this evening withdrew his amendment to reduce a proposed increase in the federal tobacco tax from 61 cents to 37 cents. He sought to attach the amendment to a bill that would expand the State Children’s Health Insurance Program (SCHIP). Webb had proposed replacing that tobacco tax revenue with a new system of taxing the income of partners in investment management services firms (e.g., hedge funds) as ordinary income.

Thanks to all of you who contacted your senators and urged them to oppose this amendment.

2 Comments:

  1. USpace said...
    .
    It's all so hopenchangey.
    The governments imposing these tobacco SIN taxes are actually committing racist acts since most smokers are lower income, and many of them are minorities. Obama committed a racist act with this tax increase. Completely regressive. Why don't they tax cigs $1,000 a carton?

    They don't want all people to quit, just enough to toot their horns to justify their tyranny. They will still be able to rely on all those taxes continually coming in from the hardcore addicts, which at the increasingly obscene rates will easily make up the taxes lost from the small percentage of quitters.

    Politicians don't want people to stop smoking. If they did they would tax them $100 per pack. But this would just increase the black market even more, and the state would get no money.
    .
    absurd thought -
    God of the Universe says
    raise taxes on the poor

    tax cigs 200 percent
    hurt poor smokers the most

    .
    absurd thought -
    God of the Universe says
    create racist outcomes

    raise some taxes on the poor
    hurt minorities the most
    .
    USpace
    .
    All real freedom starts with freedom of speech. Without freedom of speech there can be no real freedom.
    .
    Philosophy of Liberty Cartoon
    .
    Visit: HaltTerrorism.com
    .
    :)
    .
    cough said...
    A couple of thoughts:

    1: If tobacco taxes are regressive, then so is tobacco addiction, and so are the marketing efforts by the tobacco industry aimed at attracting and retaining minorities and the poor as addicted customers.

    2: If the tobacco industry truly objects to the regressive effects of the pricing of its products, then why did so many of them go ahead and jack up their prices just before the federal taxes went into effect?

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