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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (42752)4/14/2010 5:32:07 PM
From: TimF  Read Replies (1) of 71588
 
I, for one, approve IN PRINCIPLE.

Which doesn't change the facts that it is a tax increase, and a new law to increase taxes, and something that will affect more than just a few people.

And I don't approve. I don't see any good principle to support this increase and I think the practical affect will be negative.

Re: "The tobacco tax has already been increased."

Like Reagan's folks argued incessantly

I don't think the Reagan administration was a powerful force behind higher tobacco taxes. Even if it was it is a tax increase, and a new law to increase taxes, and a tax that mostly affects people making well below $250k.

I lean against the idea of sin taxes. I don't want government deciding to penalize X, and reward Y, with different parts of the tax code. Make the tax systems as simple, low, and non-interventionist as reasonably possible.

And there are other new or higher taxes created by recent laws (signed by Obama) in the list, not just those two.

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