President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- Phil Kerpen of Americans for Prosperity: SCHIP and Potential Federa...
Phil Kerpen of Americans for Prosperity: SCHIP and Potential Federal Cigarette Tax Hike
As the 111th Congress starts, the Democratic majority is proposing to reauthorize the State Children's Health Insurance Program (SCHIP), which might include increased funding and expanded coverage, from children in families making twice the poverty level to possibly three or four times the poverty level. All of this would be paid for by an increase in the federal cigarette tax from 39 cents for $1 per pack. Phil Kerpen, Director of Policy for Americans for Prosperity, goes through some of the details of this proposal and explains why the cigarette tax hike would disproportionally hit those at lower income levels. You can read Phil's op-ed in the Washington Times on this subject here.
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