Big Tobacco Extinguishes Calif. Cigarette Tax Measure

Law360, San Diego (June 22, 2012, 10:33 PM EDT) -- Supporters of a California ballot initiative that sought to increase the tax on cigarettes by $1 a pack to fund research for cancer and tobacco-related diseases conceded defeat Friday after Big Tobacco put up nearly $50 million in a campaign to stamp out the measure.

Proposition 29, which was placed on the June 5 ballot, was losing by a narrow margin as of Friday, with 50.3 percent voting against the measure and 49.7 percent in support, out of about 5 million votes, according to the Secretary...
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