Tax hike cuts tobacco consumption

USA Today reports:

A giant federal tobacco tax hike has spurred a historic drop in smoking, especially among teens, poor people and those dependent on government health insurance, a USA TODAY analysis finds.

President Obama signed the tax hike — the biggest to take effect in his first term — on his 16th day in office, reversing two vetoes by President Bush. The federal cigarette tax jumped from 39 cents to $1.01 per pack on April 1, 2009, to finance expanded health care for children.

It didn't take long for Barack Obama to break his pledge on not raising taxes on people who make under $200,000 a year.