[the_devils_advocate_666]

expected to raise $32.8 billion

Just one more example of Obama failing to understand economics.

[GeorgiaDawg32]

he may misunderstand it, but here’s the problem..

SCHIP is now a gov’t program (new perceived “right”) that will fall short of revenue projections..in order to keep the program going and to raise funds, they’ll tax something else we will ALL pay for instead of just smokers..

[Publius6961]

expected to raise $32.8 billion
Just one more example of Obama failing to understand economics.

Remember when one of our brain-dead congresscritters got a "luxury tax" passed on yachts?

Lasted about 3 months, as I recall. The "expected" revenue rise was totally negative! As was the unemployment in that sector of the econmy totally positive.