Greg Hoffman


7/18/2007

 

Taxes on Cigars - Urgent Request from Thompson Cigar

I received this email from my old buddy Ben at Thompson Cigar this morning:

Thompson Cigar

!!! Urgent Request from Thompson Cigar !!!

********************************************************

The U.S. Senate will shortly vote on a proposal to expand
the state children’s health insurance program by $35 billion.
Funding is to be provided solely through higher tobacco taxes.
The tax increases on cigars are particularly punitive,
as all large cigars would be subject to a tax of 53.13% of the
manufacturer’s selling price. This is an increase of 156.4%
over the current rate! And, while the current tax on cigars is
capped so no cigar pays more than $.05 in federal taxes,
the proposed legislation would increase the cap by 20,413%
(not a typo) to $10 per cigar! The combination of these two
factors will result in a dramatic increase in cigar prices in
the U.S. and many cigar companies are likely to go out of business.

We urge you to phone the offices of your own U.S. Senators
(see list below), give them your name and address and ask
that they vote to oppose the punitively high cigar tax increases
in the state children’s health insurance legislation.
Please call only your own U.S. Senators because Senators
respond to the concerns their constituents, not to those who live in other States.


Click "Take Action Now" and email your senators!

Labels:

0 Comments:

Post a Comment

<< Home