« Quit The Party? | Main | Today's Housing Bubble Post - Homebuilder Stocks -- Suckers »
October 1, 2007
AP Prints Tobacco Company Press Release As News
-- by Dave Johnson
In today's paper - San Jose Mercury News - Cigarette tax would hurt poor. This is an AP story. It begins,
Congressional Democrats have chosen an unlikely source to pay for the bulk of their proposed $35 billion increase in children's health coverage: people with relatively little money and education.This is what is considered "news" in corporate America.... The program expansion passed by the House and Senate last week would be financed with a 156 percent increase in the federal cigarette tax, taking it to $1 per pack from the current 39 cents. Low-income people smoke more heavily than wealthier people in the United States, making cigarette taxes a regressive form of revenue.
Democrats, who wrote the legislation and provided most of its votes, generally portray themselves as champions of the poor.
I'll have more on the idea that taxes "hurt" peoplelater...
Posted by Dave Johnson at October 1, 2007 9:01 AM
Trackback Pings
TrackBack URL for this entry:
http://www.seeingtheforest.com/cgi-bin/mt/mt-t.fcgi/3282
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
