Wednesday, April 1, 2009

Largest Federal Tobacco Tax Increase Today



This is the largest increase in tobacco taxes. This takes effect despite Obama's promise not to raise any taxes on families earning under $250,000. The poor are more likely to smoke than the rich so this tax disproportionately affects the poor. The Associated Press described this tax hike as saying "Obama's campaign pledges on taxes went up in puffs of smoke Wednesday."

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