The ScHIP Sets Sail…

6th February, 2009: Posted by glpease in Pipe & Tobacco News

…And we’re stuck aboard, like deck chairs on the Titanic.

This following mercilessly swiped table (source: ryorevolution.com*) indicates the new Federal excise tax on tobacco products, along with the current taxes we all know and despise, and the proposed taxes vetoed twice by ex-prez G.W. The new rates go into effect 1st April, 2009. Fortunately, for most of us, pipe tobacco isn’t hit as badly as it could have been, resulting in a price increase of only about 20ยข per ounce. Nor have cigars, taken a serious beating, but it may herald the death of many RYO tobaccos currently on the market. Is it any wonder that Big Tobacco supported this? Nothing like taxing your competition into oblivion in the spirit of free trade. Read more…»