You know, Mr. President, this has been an interesting week. We had a negotiation with the attorneys general around the country, and the tobacco industry is stuck for almost $370 billion. The price of cigarettes go up. How much more do you want? And then the Finance Committee puts on 20 cents more, and that raises the price of cigarettes and smokeless tobacco. And now we want to put on 11 cents more. Why? To help the small businessman get a deductible on his health insurance? At the same time, you are putting 65,000 farm families out of work in my State. You say you are going to help. You may never get the bill to help. I think it is time to stop it. It is time we quit. My farmers have to survive. And we hear all the States have an excise tax. Well, we had a good many here in the past that would vote against any excise tax because they thought it all should go to the States. It is their prerogative. But when you add 20 cents onto the State, and you add another 11 cents onto the State, then you add 75 cents on, if you get the negotiated agreement out there, the income to the community and to the Federal Government are going to go straight down. They are playing with funny money, because the more you increase it, the less income you are going to have. When you increase the tax, the less income you are going to have. So now you say you have all this income coming in--you are playing with funny money.
Editor's note · Context
Addressing the impact of tobacco taxes on farmers and small businesses.
Share
More from Gerald Ford
to all of my colleagues, it is interesting when I hear and all of us in this debate about Federal versus local. Let us just deal with the facts for one moment. Ninety-four cents of every dollar raised and spent for public education is…
I was a part of a group of many Members on both sides of the aisle some few weeks ago who believed the argument put forward by many in the airline industry that if we did not pass an immediate industry stabilization package, I think…
this debate has boiled down to simply a difference in priorities. I agree with a lot of my colleagues that a tax cut is probably needed; but we followed the advice of the other side of the aisle 2 years ago, and we have heard my…
I have heard all the debate and I am curious. To my friend Mr. Putnam, the President just left Nashville, and out of curiosity does the President know that you all are introducing this after what he said last night? The SPEAKER pro…





