Word: antitobacco
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
WASHINGTON: The crib death of John McCain?s $568 billion antitobacco legislation has left the White House facing both financial and political poverty for the rest of the year, says TIME White House correspondent Jay Branegan. "Not only was Clinton banking heavily on the revenues from the Senate antitobacco legislation as a way to fund some programs that are very important to him," Branegan says, "but he?s out of political capital as well...
...backroom negotiations that continued into last weekend, the White House hammered out a deal with G.O.P. Senator JOHN MCCAIN to modify his $518 billion antitobacco bill, which will be the subject of contentious debate in the Senate this week. Despite demands from leading Senate Democrats--and some Republicans--that the price of a pack of cigarettes be raised by $1.50 over five years, the Administration agreed to support McCain's more modest $1.10-a-pack hike. In return, the Arizona Senator strengthened the provisions that would penalize the industry for not meeting targets in reducing teen smoking. Also, McCain...
...antitobacco folk, aware of this bedrock belief, try to play up the harm smokers cause others. Thus the attorneys general seeking billions of dollars in damages from the tobacco companies are claiming that taxpayers have been unfairly made to pay for the treatment of smoking-related illnesses...
...alternative and more dramatic antitobacco tactic is to portray smoking as an assault on nonsmokers via secondhand smoke. Now, secondhand smoke is certainly a nuisance. But the claim that it is a killer is highly dubious. "The statistical evidence," reported the nonpartisan Congressional Research Service in 1994, "does not appear to support a conclusion that there are substantive health effects of passive smoking...
...large that it cripples the business defeats the purpose of their settling, although that point seems to be getting lost. Besides, no tobacco chief is going to cut his shareholders' throats. Just how much can the industry afford? Tobacco execs have been mum on the subject. It was the antitobacco side that floated $300 billion, to be paid over 25 years, and even to many of them the amount originally seemed pie-in-the-sky high. Then something interesting happened: tobacco stocks rallied as Wall Street ground down a few hundred pencils figuring out that the entire $300 billion could...