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

To: Rarebird who wrote (1861)	6/21/1998 8:42:00 AM
From: Rarebird	Respond to of 6439

Slick now wants to give the tobacco industry liability protection: BUSINESS WEEK ONLINE: June 19, 1998 " PRESIDENT CLINTON : WHAT HE'LL GIVE TO GET A TOBACCO BILL" " President Clinton says he's prepared to accept limits on tobacco company legal liability if it would help win a congressional package of anti-smoking legislation. In an Oval Office interview with Business Week, Bloomberg Business News, and the Los Angeles Times on June 19, the President expressed a willingness to consider anything to combat youth smoking except some slimmed down bill that won't solve the problem. We're exploring every conceivable alternative for how we could come up with a bill that could eventually pass the Congress, Clinton said. A liability cap is strongly opposed by many public-health activists, who say Big Tobacco should be punished and not rewarded, and even by some conservatives, who say it confers special protection to a single industry. But Clinton says some compromise is necessary if we want the tobacco to agree to limit marketing and sales of their products. While the President said he also favors strict penalties if tobacco firms don't reduce youth-smoking levels, he said a liability limit may be politically necessary to win congressional approval of any comprehensive legislation. I have no problem with that, he said. In the end...it'll have to have some kind of liability cap in it. Many Democratic strategists want to use the collapse of Senator John McCain's anti-tobacco bill as a political weapon to paint Republicans as lackeys of the unpopular industry. But Clinton said he's more concerned with passing comprehensive legislation than scoring political points. I don't mind giving them ( Republicans ) political cover. This is about kids."