Cigarette tax back from the dead

(CNN)—Despite headlines saying that it lost Tuesday’s vote, the fate of California’s proposed $1-a-pack tax hike on cigarettes is still in limbo, and state officials said late Thursday that a final result is likely weeks away.
The tax increase, known as Proposition 29, would raise an estimated $735 million a year, with roughly three-quarters of that money going to cancer research. Click here to read more

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