Cigar Tax Information

From Save My Cigar:

July 30, 2007

The Senate is scheduled to begin debate today at 3pm on the House’s version of the proposed legislation to fund SCHIP.  Both chambers have to pass identical versions of this bill in order for it to go to the President. 

The President has vowed to veto both the Senate and House versions of this bill.

July 24, 2007

The House of Representatives, Ways and Means Committee, is drafting text of the proposed legislation to fund SCHIP.  Their text would increase cigar taxes by 115% from the current rate of 20.7% to 44.6% and raise the cap 1,952% from $0.04875 to $1.00 per cigar.

A couple videos on this for you:

[youtube kT8au5WUb74]

[youtube ayi8zWrBwug]

Please help, you can get information on this issue a post I made a while back here.