First Order of Funding: Spelling Lessons

20 06 2012

5:

Missour (sic) Board of Education backs raising tobacco tax

JEFFERSON CITY, Mo. (AP) – The State Board of Education is backing a potential November ballot initiative asking Missouri voters to raise tobacco taxes to benefit schools.

The board voted Tuesday to support a plan that would raise Missouri’s lowest-in-the-nation cigarette tax from 17 cents per pack to 90 cents beginning in January.

The state auditor’s office estimates the initiative would generate between $283 million and $423 million annually. Fifty percent of the money would go to public school districts, 30 percent to higher education and 20 percent to efforts intended to prevent people from using tobacco or help them quit doing so.

The secretary of state’s office has not yet determined if supporters submitted enough petition signatures to qualify the measure for the ballot.

You already have to smoke if you want to support kids’ health care, and if this thing makes the ballot and passes, (and two other cig tax hikes before now have failed), you’ll also have to smoke to fund education.  I hope spelling lessons falls under the aegis of education.

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20 06 2012
Bon, From the Land of Babble

The cigarette tax prop in lefty California is stil losing as I write this — ballots are being counted but it looks like it’s going down.

Idiots who put these things up have no idea about economics; putting a high price on a product that is in demand creates a black market for that product.

Rush once told a story about a cigarette smuggler in Manhattan — where a pack of cigarettes costs $11 – $14 now — who claimed all he had to do was open up the trunk of his car, which was filled to the brim with cigarettes, and the ALL of them would be sold within minutes.

It’s the reason cigarette boats were created.

Bon




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