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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Lou who wrote (1668)	5/22/1998 2:19:00 PM
From: Rarebird	Respond to of 6439

Rejection of Liability protection: The Goal here is to defeat the Mcain bill. Many Senators who are opposed to any excise tax voted to eliminate liability protection. Why? The bill now becomes unsupportable to many Senators who previously supported it. It's an old-fashioned strategy called " divide and conquer". Other amendments are being proposed in the same light, like using the money to eliminate the marriage penalty. Don't underestimate the strategies going on here. Some of these Senators are real shrewd foxes. As for the vote, there was nothing absolutely binding in it. The issue of liability protection will come up again.

To: Jim Lou who wrote (1668)	5/23/1998 10:50:00 AM
From: don kramer	Respond to of 6439

The G.Black rpt., provides additional insight on issue Senators do not wish to be accused of tax increases. The ad campaign tactic by Tobacco co's seems to be striking a very sensitive point. The last thing that Republicans wish to be blamed for, is raising taxes. [ my opinion, the Tobacco companies should attact more vigourously with the TV-Media blitz, small secondary. mid-America full page adds, National campaigns, as an aside, some networks will reject, the ads, I predict, i.e., Turner's Fox ...his wife...what schmucks!! ] This is not to endorse, the June agreement, I think that was not fought well, however, no point in crying over spilt milk. I am buying, next week, between 36-37 Remember, a vast amount of capital awaits, an end to the future legal liability acts, particularly, the class actions. I believe all will find the Berstein report helpful. dk