They want to take it from 5 cents to $10 dollars. No word yet on what Hillary’s position is on the cigar tax, but I’m betting she’s for it. This will be sure to create a burgeoning black market in tobacco products, which will, of course, become violent. The federal government won’t outright outlaw tobacco, but they will tax it out of existence.
I’m really glad to see those Democrats protecting people’s civil liberties against the evil Republicans, let me tell you.
UPDATE: Sigivald points out:
Closer reading suggests they want to raise it from 5 cents to 54 percent, with a cap of $10.
Not $10 per cigar, flat.
Not good, by any means, but not the same as a $10 tax on a $8 cigar.
One of the problems with blogging is not always having the time to read everything very carefully. Â Corrections and clarifications are always appreciated.
Of course, I still think it’s a crappy tax increase.