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$1.95

The new tax rate -- from $1.01 -- President Barack Obama is proposing for cigarettes. The increase would help fund his $75 billion initiative to expand preschool to every American child.

The new tax rate -- from $1.01 -- President Barack Obama is proposing for cigarettes. The increase would help fund his $75 billion initiative to expand preschool to every American child.

Brian Peteritas is a GOVERNING contributor.
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