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The Round Table
Bill Introduced to Further Raise Federal Tax on Pipe Tobacco
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<blockquote data-quote="Justpipes" data-source="post: 85789" data-attributes="member: 38"><p>That is exactly why they are going after the increase on pipe tobacco DT. With the decling sales of RYO due to the outrageous taxes the legislators now have to go after something else to balance the revenue loss. I saw it happen here in NC when they passed an outrageous tax on new boats. NC is a big boat manufacturing state and because of the tax revenue loss on new boat sales and the number of manufacturers that had to close up shop forced our legislators to reverse the tax. I don't know the figures off the top of my head but the revenue the state lost and the numbers on the economic impact were staggering. I believe on the state level the same thing will happen with the taxes on tobacco. They can't do anything about a federal tax but once the light bulb goes off indicating how much they are cutting their own throats with the state taxes, they will reverse or at least relieve them a bit.</p></blockquote><p></p>
[QUOTE="Justpipes, post: 85789, member: 38"] That is exactly why they are going after the increase on pipe tobacco DT. With the decling sales of RYO due to the outrageous taxes the legislators now have to go after something else to balance the revenue loss. I saw it happen here in NC when they passed an outrageous tax on new boats. NC is a big boat manufacturing state and because of the tax revenue loss on new boat sales and the number of manufacturers that had to close up shop forced our legislators to reverse the tax. I don't know the figures off the top of my head but the revenue the state lost and the numbers on the economic impact were staggering. I believe on the state level the same thing will happen with the taxes on tobacco. They can't do anything about a federal tax but once the light bulb goes off indicating how much they are cutting their own throats with the state taxes, they will reverse or at least relieve them a bit. [/QUOTE]
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Bill Introduced to Further Raise Federal Tax on Pipe Tobacco
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