Wednesday, April 10, 2013

Obama Proposes 94 Cent Tax Hike on Cigarettes

President Obama is back to suggesting tax increases.

His latest idea is to raise the tax on cigarettes.

The proposal would see an increase of ninety-four cents were pack of cigarettes.

According to the White House, the suggested increase would raise seventy-eight billion dollars, over the next decade.

Obama's suggestion would have to pass Congress.

Any tax increase should have trouble, as Republicans are pledging to not raise taxes.

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