Senate Republicans agree on tax cut for tobacco bill, breaking impasse
Article Abstract:
Republicans in the US Senate have agreed on a tax cut that will be included in a tobacco bill. The agreement will facilitate the passage of the bill. Senators had been debating a proposal by Texas senator Phil Gramm that would have used revenue from the cigarette price hike to end the marriage penalty for couples with low-income. This penalty imposes higher taxes for couples than if they were unmarried. Senator Gramm agreed to lower the tax cut to approximately $46 billion over 10 years.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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U.S. sees possible crime by tobacco lawyers
Article Abstract:
A classified court brief by the Justice Department states that Brown & Williamson Tobacco Corp. lawyers may have attempted to criminally mislead federal regulators. Brown & Williamson is the third-largest cigarette manufacturer in the US. The court brief involves a major dispute over documentation that the company is attempting to hide from federal prosecutors. Borwn & Williamson is claiming client-attorney privilege.
Comment:
Justice Department states that Brown & Williamson Tobacco Corp. lawyers may have attempted to criminally mislead fed regulators
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Tobacco takes new stab at a settlement
Article Abstract:
Major cigarette companies are engaged in negotiations for a new settlement over the remaining state Medicaid lawsuits that could cost the companies approximately $200 billion. The negotiations are an attempt by the cigarette makers to alleviate their legal troubles. There are lawsuits against the firm in 36 states. The lawsuits are intended to recover the cost of Medicaid treatments for sick smokers.
Comment:
Major cigarette companies engaged in negotiations for a new settlement over remaining state Medicaid lawsuits
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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