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Media Contact: Megan Manning (202) 390 9513 Tobacco Industry Expands Lobbying Efforts by 24% across the U.S

That price cut helped to recapture the market for premium brands and to boost Philip Morriss profits, as more than 80 percent of the companys sales were in premium brands in 1997 (Bulow and Klemperer 1998)

The health topic on tobacco from the CDC reports that the annual cost of smoking-related ailments in the United States exceeds $300 billion