Tobacco buyout proposals picking up speed in Congress

Yancy, Cecll
June 2004
Southeast Farm Press;6/16/2004, Vol. 31 Issue 16, p4
Trade Publication
A tobacco buyout bill was included in a corporate tax bill due early June in the U.S. House. And it created quite a stir. The bill would provide $9.6 billion over five years to tobacco growers and quota owners. A corporate tax bill that passed the U.S. Senate last month did not include a tobacco buyout, however. Over in the U.S. Senate, the tobacco buyout issue is also playing a role in election-year politics. In the U.S. House of Representatives, tobacco-state legislators included tobacco reform legislation in an updated version of a bill introduced by representatives Bill Jenkins and Mike McIntrye and co-sponsored by a group of 40 members of the U.S. Congress.


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