What's new

California joins the tax-tobacco movement

blessednxs65

Is it Nicaraguan
Rating - 100%
33   0   0
Joined
Aug 13, 2007
Messages
2,933
Location
Tracy, CA
California’s thirst for money from tobacco continues unabated. Assembly Speaker Fabian Nunez and Senate President Pro Tem Don Peralta announced Tuesday their plan to introduce a bill to buy health insurance for all Californians, funded in significant part by a new tax of $2 per pack of cigarettes that is projected to yield a “stable” amount of $2 billion per year.

California’s current per-pack tax is 87 cents and the state’s voters narrowly defeated, 52-48%, last November’s Proposition 86, which would have increased the per-pack tax by $2.60.

Public information about the plan, which has drawn preliminary support from California Governor Arnold Schwarzenegger, mentions funding from “A $2 per pack increase in the tobacco tax” along with employer contributions and a four percent tax on hospital revenues.

That language, clearly aimed at cigarettes, makes it unclear whether cigars, pipe tobacco and other tobacco products would also be included in the tax scheme, and, as yet, the legislative bill or ballot proposition language has not been made public.
 

dpricenator

BoM March 08
Rating - 100%
175   0   3
Joined
Jul 25, 2007
Messages
14,899
Location
The OC
My guess is some of them feel they can tax tobacco out of exsistance.
I agree, but by doing that we will lose the revenue from the tax. Freakin idiots some of these people. There is something else we could legalize and tax that would create a huge amount of revenue. CAn you guess what I'm talking about.
 

Fox

BoM May '07
Rating - 100%
70   0   0
Joined
Dec 21, 2005
Messages
1,827
Location
Northwest
My guess is some of them feel they can tax tobacco out of exsistance.
I suspect you are right, Ken, but they never seem to understand the unintended consequences; e.g. - the loss of revenue side of the equation. As my best friend, a CFO, says, "There does not seem to be a living politician who could pass economics 101. . .No wonder the state and federal governments are in such dire shape." :shame:
 
Rating - 100%
4   0   0
Joined
May 1, 2007
Messages
690
Location
Bonaire, GA
prostitution?
homeless guy boxing?
midget bowling?
baby eating?

Lost me there. LOL!

Speaking of rockin the ganje, I hear your state buddies up in San Fran are trying to get "safe houses" to shoot up your heroin with nurses and clean needles. All at taxpayers' expense.
 

jwintosh

BoM June 07
Rating - 100%
358   0   0
Joined
Oct 31, 2006
Messages
17,272
Location
San Diego
and the mayor just won re-election by a landslide!! ahh, San Francisco, one of the least caffieinated cities in america! i don't need no stinking caffeine. Then i'll just have to shoot up more heroin!
 

dpricenator

BoM March 08
Rating - 100%
175   0   3
Joined
Jul 25, 2007
Messages
14,899
Location
The OC
prostitution?
homeless guy boxing?
midget bowling?
baby eating?

Lost me there. LOL!

QUOTE]

I say tax the shit out of marijuana. The national debt would be decimated in a matter of a couple of years. But until then I'll just obey the laws.:smokingbo
 

blessednxs65

Is it Nicaraguan
Rating - 100%
33   0   0
Joined
Aug 13, 2007
Messages
2,933
Location
Tracy, CA
Leave it to politicos to place the burden on the back of those they duped into voting for them is what I say. Not all of them are bad, just the ones that are give the better ones a bad name.
 
Top