Tobacco Legislation
1998-03-31T06:16:19-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYzBjXC8xOTk4MDMzMTA2MTYzNzAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Senator John McCain, R-AZ, and others announced a compromise on tobacco legislation on which the Senate Commerce Committee would vote later in the week. The bill would cap punitive damages at $6.5 billion per year, but would impose a $506 penalty over 25 years. It would also raise the tax on cigarettes by an additional $1.10 per pack and cap the penalty on tobacco companies at $3.5 billion if teen smoking would not decrease by 60 percent over the next ten years.
Senator John McCain, R-AZ, and others announced a compromise on tobacco legislation on which the Senate Commerce Committee would vote later … read more
Senator John McCain, R-AZ, and others announced a compromise on tobacco legislation on which the Senate Commerce Committee would vote later in the week. The bill would cap punitive damages at $6.5 billion per year, but would impose a $506 penalty over 25 years. It would also raise the tax on cigarettes by an additional $1.10 per pack and cap the penalty on tobacco companies at $3.5 billion if teen smoking would not decrease by 60 percent over the next ten years. close
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