[quote]“Such a tax might well be considered a “sin tax” similar to the taxes levied on cigarettes, which are extremely high compared to most other consumer products. Jacobson also wants the taxes on alcohol raised — he argues that doing so will “compensate society for the costs of alcohol abuse and alcoholism and to marginally reduce problem drinking.” The argument echoes the idea of cigarette taxes helping pay for health care costs associated with smoking.”[/quote]
from: http://www.cbsnews.com/blogs/2009/05/12/politics/politicalhotsheet/entry5009316.shtml

You remember the Senate Finance Committee, the geniuses who devised the S-CHIP tax schedules for tobacco products. I suppose they couldn’t do any worse than the RYO debacle.

I half expect supporters of this bill to crack a smile wondering how far this charade can go. This joke’s on the poor but I don’t think they’ll get it. The largest tax increase in history imposed on the poorest class in the country benefitting those with exponential incomes.

The amount of jobs this will cost, families broken and businesses folding in a failing economy is appalling. Is it even legal for the tax on a product to exceed the manufacture, delivery and retail markup costs combined? All this with the ironic twist that Big Tobacco will profit and grow bigger and stronger in the end.

I suggest that every legislator who votes to pass this outrageous tax increase and floor tax be incarcerated for willingly destroying small businesses and Price-Gouging the Poor!