Tuesday, July 17, 2007

Cigar Tax

Apparently, there is currently a $.048 per cigar tax cap. If a new bill winding its way through the Senate is passed, that cap would rise to $10 - an increase of 20,000%:

"'I'm not sure in the history of man, since our forefathers founded the country in 1776, that there's ever been a tax increase of 20,000 percent,' said Newman, who runs the Tampa business founded by grandfather Julius Caesar Newman. 'They had the Boston Tea Party for less than this.'


"'Why don't we just go out of business?' Newman said. 'Here, you can run our company, Mr. Government.'


"The [Cigar Association of America] has lobbied to exclude cigars from the bill, but bristles at the public relations challenge: How do you oppose a sin tax Congress has rigged to help sick kids?"
HT: Drudge Report

1 Comment:

Joe said...

'They had the Boston Tea Party for less than this.'
-Taxation without representation is worse than extreme taxation with representation.

Also, American Pipe manufacturers must be behind this tax 100%!

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