Posted by
Snikks on Monday, February 09, 2009 10:12:06 AM
It took only 16 days for President Obama to break his campaign promise not to raise taxes on the poor. When President Obama signed the SCHIP bill, increasing the excise tax on Tobacco products by 156%, he raise taxes on 55% of smokers who are the “working poor” and the 25% of smokers who live below the poverty line. This bill is to provide health care to many of these smokers’ children. If he cared about the health of these children, the purpose of the cigarette tax would be to deter smoking because many children from homes of smokers require expensive medical care for respiratory symptoms. How is President Obama going to pay for a program when the source for funding the program will dwindle by design? How many days till President Obama breaks another campaign promise?
http://www.atr.org/content/pdf/2009/feb/020409pr-obama_breaks_campaign_tax_promise.pdf
My understaning of the SCHIP is that if the states accept money from this SCHIP fund they will only be funded for the first year. After that the state must carry the burden of this bill. Yet the government will keep the .61 per pack tax increase.
Our illustrious Govenor Perdue wants to add an additional $1.00 per pack tax increase on top of Obumnuts .61 tax. Many more states will follow to offset the cost of this descriminatory legislation.
Now to most states this is a non-issue. But here in NC tobacco built this state and has contributed heavily to health care, built hospitals, funded others, not to mention funding of schools, the arts, revitalizatin projects, just about anything you can think of R.J. Reynolds has funded in this state. And now Ms. Perdue wants to put them out of business, not to mention all the small tobacco farmers who make heir living growing burley. How stupid can a politician be?
SCHIP = destroying business, increasing unemployment, creating poverty.
TerryCSA, co-editor