CWNews
CRA About S-CHIP
SCHIP And Cigar Taxes - A Formula For Decline | |||||||||||||||
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Industry estimates project up to 117,000 jobs lost due to the tax increases plus numerous wholesalers and retailers will be forced to close. In this current economy, such severe job losses would be extremely painful not only to workers and their families, but also to the national economy. There
will be a migration of sales to illegal suppliers that will further
exacerbate the downturn in sales that will be experienced by
law-abiding retailers and worsen the revenue shortfalls to the states
and the federal government. Moreover,
President-elect Barack Obama needs to keep his campaign promise and not
raise taxes, including tobacco taxes, on any American who earns less
than $250,000. We should implore Congress to reauthorize SCHIP without
imposing disastrously large tax increases on tobacco products. |