SLU Pundit

The weblog of Kevin Boyd, a student at Southeastern Louisiana University

Friday, July 16, 2004

Greedy North Carolina politicians want a tax increase

The Senate passed a tobacco buyout to prop up sales against lower cost tobacco from China. The bill was passed 78-15 and includes new powers to regulate tobacco by the FDA. The buyout is paid for with a user fee (ie. a new tax) imposed on tobacco companies which will passed on to smokers. However, there is a House version that will just syphon the money directly from the Federal budget. And I thought the GOP (which controls BOTH houses of Congress) stood for fiscal discipline and lower taxes.
 
This is also akin to bailing out candlemakers and stagecoach manufacturers in 1900.







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