Thursday, January 15, 2009

HELP STOP THE schip BILL

STOP THE SCHIP BILL

The SCHIP bill has the ability to bankrupt an entire industry and the trickle down effects will be disastrous. It is designed to place obscene tax increases on tobacco products.

Please go to the website http://www.natocentral.org/ for more detailed information. Then contact your US Senators and the President-elect (202) 540-3000-listen to the message and press option 2 for a live person. Do not let them refer you to a website but give them the facts from the website.


Product
Current Tax Rate
SCIP Tax rate
Cigarettes
$.39 a pack
$1.00 per pack
Large Cigars 20.179% of manufactures price; 52.4% of manufacturer
cap of 4.875 cents/cigar price cap of $.40/cigar

Little Cigars $.04 per pack Phase in of $1.00/pack
$.25/pack on 1/1/2009
$.50/pack on 1/1/2011
$.75/pack on 1/1/2013
$1.00/pack on 1/1/2015

Pipe Tobacco $1.0969 per pound $2.8126 per pound
Chewing tobacco 19.5 cents per pound $.50 per pound
Snuff 58.5 cents per pound $1.50 per pound
RYO; Cigar wrappers $1.0969 per pound $24.62 per pound
Cigarette papers 1.22 cents per 50 papers 3.13 cents per paper
Cigarette tubes 2.44 cents per 50 tubes 6.26 cents per 50 tubes