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Some smokers cut back as cigarette tax jumps to $1.01

The single largest federal tobacco tax increase ever goes into effect Wednesday, and some smokers are saying the higher prices are an incentive to cut back or kick the habit altogether. The federal tax on a pack of cigarettes rose from 39 cents per pack to $1.01, a whopping 159 percent increase. "I have to slow down because the price is too high," Eduardo Pantaleon, 59, a truck driver from Franklin...

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