Taxes on Beer, Guns and Smokes have increased 41% under Obama

From Eric Dondero:

Smokers, gun owners, beer drinkers, don't have a friend in Obama. So-called sin taxes have gone up an astounding 41% since Obama was elected.

From Reuters "U.S. pockets $20.6 bln in sin taxes in FY'09" July 16:

The U.S. federal government collected $20.6 billion in taxes on alcohol, tobacco, firearms and ammunition in fiscal year 2009, up 41 percent from the previous fiscal year, according to the annual report of the Alcohol and Tobacco Tax and Trade Bureau.

Part of the U.S. Treasury Department, the TTB credited most of the $6 billion rise in revenues collected to the increased taxes on the tobacco industry as a result of the Children's Health Insurance Reauthorization Act passed in February 2009.

(H/t Drudge)

Related Posts

Comments are closed.