American Morning

Fuming over tobacco tax hike

Smokers are fuming over a huge increase in the federal tobacco tax. CNN's Jim Acosta reports.

However they satisfy their nicotine cravings, tobacco users are facing a big hit as the single largest federal tobacco-tax increase ever takes effect Wednesday.

Tobacco companies and public-health advocates, longtime foes in the nicotine battles, are trying to turn the situation to their advantage. The major cigarette makers raised prices a couple of weeks ago, partly to offset any drop in profits once the per-pack tax climbs from 39 cents to $1.01.

Medical groups see a tax increase right in the middle of a recession as a great incentive to help persuade smokers to quit.

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What do you think? Is the tobacco tax fair to smokers?