[Congressional Record Volume 146, Number 112 (Wednesday, September 20, 2000)]
[House]
[Page H7876]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
WHY THIS LARGE CIGARETTE TAX?
(Mr. BALLENGER asked and was given permission to address the House
for 1 minute.)
Mr. BALLENGER. Mr. Speaker, let me pose a mathematical problem. When
the President finally finishes his budget negotiations with the
Congress, he will have spent the projected budget surplus and more.
Where will he go to find the money to finance his liberal spending
programs? How about a big cigarette tax? That ought to make everyone
happy.
In the North Carolina Senate, when we raised the tax, guess what
happened. Tax incomes shrank, as it did in other States that raised the
cigarette tax.
So I ask the President, why this large cigarette tax. It will not
produce more income for anybody except the Feds because it will be a
new item to them. The States will lose income; and the President's
friends, the trial lawyers, probably could not collect their billion-
dollar settlements.
So what is up, Mr. President? Mr. President, either you find extra
money elsewhere or you really risk losing your best friends, the trial
lawyers.
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