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As Figure 2 shows, tax revenue spiked after Proposition 99 and Proposition 10 increased the excise tax by 25 cents and 50 cents per pack, respectively

Greenspan, Bernanke, Yellen and 13 former senior officials wrote: The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine independence, adding that this is how monetary policy is made in emerging markets with weak institutions

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