TITLE

Tobacco buyout inching forward

AUTHOR(S)
Yancy, Cecil H.
PUB. DATE
August 2004
SOURCE
Southeast Farm Press;8/4/2004, Vol. 31 Issue 19, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The U.S. Senate has approved a $12 billion tobacco buyout bill that grants the Food and Drug Administration authority to regulate tobacco products. Observers pointed out that the tobacco buyout was still a long way from a done deal. The Senate tobacco buyout bill, which passed 78-15 as part of a $37 billion corporate tax package would make payments of $8 to quota holders and $4 to growers based on 2002 quota. The U.S. House had earlier passed a $9.6 billion tobacco buyout that would make payments of $7 to quota holders and $3 to growers.
ACCESSION #
14029032

 

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