On the recordSeptember 20, 2000
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.
Source
govinfo.gov
