Sunday, March 29, 2009

Smokers face a hit as tobacco taxes spike

Sent from Express News
WASHINGTON - However they satisfy their nicotine cravings, tobacco users are facing a big hit as the single largest federal tobacco tax increase ever takes effect Wednesday.

Tobacco companies and public health advocates, longtime foes in the nicotine battles, are trying to turn the situation to their advantage. The major cigarette makers raised prices a couple of weeks ago, partly to offset any drop in profits once the per-pack tax climbs from 39 cents to $1.01.
By RICARDO ALONSO-ZALDIVAR Associated Press Writer

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