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Pharma Investments, Ventures & Law Weekly

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Americans for Tax Reform



ATR: Obama Breaks Campaign Promise



February 22nd, 2009

Today, on the sixteenth day of his presidency, Barack Obama broke one of the central promises of his candidacy: No American earning under $250,000 per year would face any form of tax increase under his administration. By signing the S-CHIP legislation today, Obama has now broken his oft-repeated promise.

Obama's signature puts into effect a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack.

Keywords: Americans for Tax Reform.

This article was prepared by Pharma Investments, Ventures & Law Weekly editors from staff and other reports. Copyright 2009, Pharma Investments, Ventures & Law Weekly via...


Source: Pharma Investments, Ventures & Law Weekly (2009-02-22)

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