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  • Cigarmakers in a panic: The federal tax on each cigar could rise from 5 cents to $10.

    07/17/2007 7:15:30 AM PDT · by tlb · 164 replies · 3,754+ views
    St Petersburg Times ^ | July 17, 2007 | JAMES THORNER
    As part of an increase in tobacco taxes designed to pay for children's health insurance, the nickel-per-cigar tax that has ruled the industry could rise to as much as $10 per cigar. "I'm not sure in the history of man, since our forefathers founded the country in 1776, that there's ever been a tax increase of 20,000 percent," said Newman, who runs the Tampa business founded by grandfather Julius Caesar Newman. "They had the Boston Tea Party for less than this." The Democrat controlled Congress has sought an extra $35-billion to $50-billion for the state children's health insurance program. The...