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On Friday, June 12, the House of Representatives approved a bill passed by the Senate giving the federal government sweeping new powers to regulate tobacco. It has now been 50 years since the Surgeon General first warned about the hazards of smoking. In the wave of recent tax hikes, smokers who havent given up the habit are looking for fast cash to buy cigarettes. New government regulation of tobacco will inevitably result in further price increases and more boons for personal loan companies.
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