Yes its called SOCIALISTIC principals.....Just liked putting a ceiling on Exec pay at 500K??
R u fucking kidding me???? Does he not know that companies will pull a Haliburton and move to another country and be taxed a hell of alot less????
well to be fair that isn't really an issue with this bill
regardless if the cigarettes are made abroad or here
they will still be taxed 62 cents more a pack its not a tax on the company
its a tax on the consumer
in addition the cig companies will likely hike prices again to make up the the increased loss in sales volume so the increase the consumer sees will likely be more than 62 cents....
in a time of economic gloom and doom just gonna give more incentive for people to
A. go underground and find a way to do their smoking for cheaper dodging the taxes
B. pay more taxes and have less money to spend on other things to help stimulate the economy
in addition tobacco farmers will see lower sales and such.....and they too will have less money to spend in the economy
at the rate they are going people are gonna start growing their own tobacco and bootlegging it so to speak
granted i'm not sure of the legality of growing and smoking your own tobacco...i assume the sale of it is illegal...not sure about for your own personal use
i know you can make your own homebrew of alcohol up to a certain amount for personal consumption