While we were all focused on the tax woes of Tom Daschle and the stumus bill (called in various places 'the porkulus bill', or 'the spendulus bill'), President Obama raised our taxes. Well, he only raised them on a percentage of the population, so if you are not in that percentage, it's not really important, right? He's been in office less than two weeks and someone's taxes have already gone up--not a good sign for the future. What I am talking about? Yesterday the S-Chip bill was signed by the President. According to Townhall.com, this is roughly what is in it:
"Provides an additional $32.8 billion through Sept. 30, 2013, by increasing federal excise taxes on tobacco products. The tax on cigarettes will go up 62 cents to $1.01 a pack.
"Allows states to offer SCHIP dental coverage to children whose private medical insurance does not cover dentist visits
""Allows states to extend SCHIP and Medicaid to newly arrived legal immigrant children and pregnant women."
Stay tuned for further details. I have not yet been able to find income guidelines, etc. Has it occurred to anyone that the government makes more on a package of cigarettes than the tobacco companies do? And they don't have to do anything!
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