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Well the president's new budget proposal taking aim at cigarettes president Obama's looking to raise the federal tax rate on cigarettes by 94 cents nearly doubling it to one dollar and 95 cents a pack.
But who -- this tax really hurt Dennis you up -- Dennis.
Hello you know President Obama makes a big deal about -- soak the rich who don't pay their fair share here and not raise taxes on anyone else particularly not on the four.
-- this a president who if he gets his way in this budget.
He will of raised.
Per pack taxes federal on cigarettes 400.
Per -- fine for years and here's why that -- it turns out that some.
Half of smokers.
In this country earned less than 25000 dollars a year real percent live below the poverty line.
13 of people who -- only 121000 a year or less are smokers.
In New York State -- study with thirteen thousand smokers found that the war spent almost 2.5 percent of the household income.
On tobacco first just 2% spent by the rich.
In New York now the taxes on a single pack of cigarettes up to four dollars and 35 cents a pack.
-- -- And Jeff taxes on top of what -- all -- tax section back to New York City Keane up top here had -- is that -- -- dollars ten dollars or twelve dollars I'm not -- penalty and yeah I.
In the national average for people who make under 25000 dollars and smoke.
14% of your income goes to tobacco now you're raising taxes.
Usually another 93% for the most recent level there -- 39 cents a pack in 09 bush had vetoed -- tax -- twice.
Obama's first -- if they got into office was this one when he went from 39 cents to to a dollar one another wanna bring it up to a dollar and 95.
But you're hurting the poured the worst now here's the thing -- one -- if we take that money 78 billion dollars over ten years and we use it.
To fund the health care of tobacco problem for now to help support quicker than new -- turns out that when prices go obviously the -- -- Knowing the porno -- it's rich people quit but the -- don't quit smoking.
Why are they picking on smokers because if you compare this to alcohol tax haven't gone up since 1990 want you guys put some get together some figures that are startling about that.
And indeed why is -- that alcohol is spared.
And I guess because they don't kill quite as many people and a lot more people consume them that they debatable -- over time.
My gosh distilled spirits you know two bucks on a big on a 35 dollar bottle of.
I don't know maybe we should correlate smoking and voting or something and alcohol and body needs smokers don't read as much they're going to be doing this -- need to expand four year old kindergarten before real kids of basic unit takes money from the very core to get help off people who -- doing okay.
Yes irritating to say the least Dennis -- great stuff great reporting -- he's so my -- notices I don't know I don't.
I don't I've never heard anyone else talk about those stats that's amazing thank you for -- -- -- -- new record highs for.
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