Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
– then-candidate Barack Obama, 9/12/2008.
President Obama has signed a bill extending health coverage to 4 million uninsured children. … To cover the increase in spending, the bill would boost the federal excise tax on a pack of cigarettes by 62 cents, to $1.01 a pack.
– Fox News, 2/4/2009
Core inflation, which excludes food and energy, rose 0.3 percent last month. It was the biggest jump since July, but about 40 percent of the gain came from a huge rise in tobacco prices, reflecting higher federal taxes.
– Associated Press, 5/15/2009.
Slightly more than half of today’s smokers (53%) earn less than $36,000 per year — making cigarette taxes highly regressive. Another 35% of smokers earn between $36,000 and $89,999 per year, while only 12% of all smokers make at least $90,000 annually.
– Gallup, 4/1/2009