Word: tobacco
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Dates: during 1990-1999
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WASHINGTON: "Deal" is the wrong word for the tobacco settlement that John McCain spent all weekend wrangling through the Senate Commerce Committee, since Big Tobacco has already turned this one down...
...Tobacco's livid right now, because they can't get to any of the key senators," says Van Voorst, "and they're threatening to walk." Van Voorst expects the committee's version to emerge sometime this week. Then the real negotiations can begin...
WASHINGTON: Sen. John McCain, the Quixote of campaign finance reform, has a new windmill to tilt at: Getting the long-stalled tobacco deal signed into law. An early draft summary of the bill reveals that McCain's Senate Commerce Committee, needing to please Democrats, Republicans, the White House and C. Everett Koop all at once, has come up with a far harsher version of the agreement that Michael Moore and the state Attorneys General hammered out with Big Tobacco in June...
...McCain's version will charge more -- $506 billion as opposed to $368 before -- and offer less liability protection against lawsuits. "That's giving the industry a conniption," says TIME Congressional correspondent Jay Carney. But McCain can deal with tobacco's demands later -- right now he's more concerned about getting bipartisan support for the bill in his own committee. And the sticking point, as negotiators prepare for a weekend of haggling, is FDA nicotine regulation. "The White House and Koop's public health camp want the FDA to have tight control over nicotine content," says Carney. "The Republicans hate regulatory...
DOWNWARD TREND For the first time in decades, the number of new cancer cases is dropping. Mortality rates are falling too. Behind the decline: less tobacco use, improved treatments...