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In addition to saving billions of dollars in health care costs, Prop 29 will cut smoking by about $1 billion a year.  $800 million of that billion current leaves the state, going back to Philip Morris, Reynolds and other tobacco interests.  When people smoke less, that money will stay here, creating about $2 billion in new economic activity and about 12,000 jobs.  Details http://tobacco.ucsf.edu/big-positive-jolt-state-economy-new-tax-cigarettes" target="_blank";here.

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