The Dominican Republic has joined Nicaragua in objecting to a proposed increase in the tax on some premium cigars from 5 cents to $10 (a 20,000 percent increase). The small Caribbean nation, whose poverty has led many of its people to emigrate to the U.S., argues that the tax increase would wipe out 54,000 jobs.The tax increase would be used to expand the federal SCHIP health-care program to cover households earning up to up to $80,000 per year.
Dominican Republic Opposes Cigar Tax Increase
by Hans Bader
September 14, 2007 @ 10:06 am
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That is quite a jump from a few cents to ten dollars. Although there are some definite benefits that could be reaped, you just have to wonder if that isn't too high. Thanks for covering this, not many outlets are.
I believe this is a normal reaction, people protect their interests, this tax affect their cigar industry and it's only natural to see them protesting. Let's hope they will find the solution they need.