I agree with the general sentiment that things are going in this direction, and cellaring is wise. However, if past performance is any indicator, this one is not likely to pass. Big increase like this have been introduced recently and have not passed.
We are all acclimated to the FDA deeming thing and expect further draconian legislation, but the FDA deeming is really big tobacco’s attempt to wrangle the vaping upstarts more than anything else. A big tax bill, on the other hand, would be detrimental to big tobacco.
My money says this bill goes nowhere, and we are safe on the 1,000+% tax increase... for now.