Even the Associate with Obama Press has called him to the carpet on this issue. Despite candidate Obama’s pledge to only soak the rick when elected, he has expectantly gone back on that promise by instituting a $0.62 cents per pack increase in the federal excise tax on cigarettes.
Behold the regressive cigarette tax:
WASHINGTON (AP) – One of President Barack Obama’s campaign pledges on taxes went up in puffs of smoke Wednesday.
The largest increase in tobacco taxes took effect despite Obama’s promise not to raise taxes of any kind on families earning under $250,000 or individuals under $200,000.
This is one tax that disproportionately affects the poor, who are more likely to smoke than the rich.
To be sure, Obama’s tax promises in last year’s campaign were most often made in the context of income taxes. Not always.
“I can make a firm pledge,” he said in Dover, N.H., on Sept. 12. “Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”
He repeatedly vowed “you will not see any of your taxes increase one single dime.”
Now in office, Obama, who stopped smoking but has admitted he slips now and then, signed a law raising the tobacco tax nearly 62 cents on a pack of cigarettes, to $1.01. Other tobacco products saw similarly steep increases.
I’m going to enjoy saying “I told you so!” to everyone who told me that no no, Obama was only going to attack the rich. You were wrong and this wasn’t a surprise to the rest of us in the least.
I guess smokers aren’t included in this list of everyone earning below $250k:
There’s a whopper of a lie for you.
The smoking tax increase is considered a regressive tax because studies show that more smokers are lower income earners than high income earners. Therefore, when you raise cigarette taxes, you’re raising taxes on the lowest tax brackets.
Truth be told, I’m not a smoker and never have been. However, I think it’s ridiculous that the government heavily taxes items like cigarettes when, at the same time, they invest millions in encouraging people to quit. It’s like taking someone’s money and then telling them to stop giving it to you even though you continue to take it.
Some of us could see through Obama’s empty promises on taxes to look at his past voting record, which was anything but a record of lower taxes. If it moves, Obama will want to tax it eventually, have no doubt about it.
So you to who may have though that Obama was just going to soak the rich, don’t worry, you’ll get your chance to pay him more too. I’m sure the federal gas tax will be going up next along with taxes on your utility bills. You voted for this, right?