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“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase.” – Obama (video link http://tinyurl.com/cuxwr9 )
“The largest cigarette tax in history will take effect Wednesday, April 1, 2009, and many penny pinching smokers are considering kicking the habit. President Obama signed legislation earlier this month that raises the federal cigarette tax by 62 cents a pack.” - http://www.wrcbtv.com/Global/story.asp?S=10105485
Oops.
Is anyone surprised though? An interesting fact about the tax hike is that most smokers are low income.
“According to the Centers for Disease Control and Prevention, only one in five Americans smokes, so the excise targets a minority -- and over half of all smokers are low income, and one of four are officially classified as poor.” – Wall street journal
This is not even counting all the other ways the poor will be hurt under Obama...
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