Higher cigarette taxes »
Posted By Bucotch 9 months, 1 week ago in News"No other federal tax hurts the poor more than the cigarette tax," says the Tax Foundation. These are the same folks the Obama Administration wants to help by raising the amount of the earned-income tax credit, but wait. A 61-cent cigarette tax hike is the equivalent of a 25% cut in that tax credit for some low-income families. So the politicians give these families money with one hand and take it back with the other.
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