Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.42

-0.7%

3:59 PM EST

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To: Xpiderman who wrote (1335)	4/8/1998 3:44:00 PM
From: Xpiderman	Read Replies (1) of 6439

Tobacco Issue: tobacco companies oppose new excise tax, and punitive regulations included in latest tobacco bill proposed by Senator McCain; because tobacco companies feel that new legislation initiative counters 1997 settlement proposal between the industry and state attorneys general, it plans to drop out of deal; the 1997 settlement proposal would have required the tobacco industry to pay as much as $368 bln; new legislation would require cigarette companies to pay more than $500 bln; Congress and President Clinton are said to proceed with legislation with or without cooperation from the tobacco industry.

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