Thursday, February 5, 2009

SCHIP Signed by Obama


Late yesterday Obama signed the SCHIP expansion into law which raises money for the children in need of health care who live at 200% below the poverty line . Besides the fact that most people don't know what the poverty level is and would be unable to calculate 200% of that number, all this does is to burdon one segment of the population for another. The bill increases the current 39% federal tax on a pack of cigarettes to 100%. For other tobacco products, such as cigars, it puts a 53% tax on each cigar with a maximum of $3. The funny thing about taxing tobacco is that if everyone quit today, where would the money come from? As many of you may know, Obama is a cigarette smoker. He kept it hidden during the campaign for fear of alienating voters. Don't get me wrong, I like Obama and voted for him, but be a man and fess up to your vices.

Chas

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