Tough bill on tobacco irks makers
A Senate Commerce Committee panel prepared to back stringent national tobacco regulation far beyond last year’s proposed settlement. The plan would add 160 billion in costs to industry, raise cigarette prices by 1.10 per pack, empower FDA controls, and cap annual fines at 6.5 billion. Industry warns price hikes may bankrupt firms while some Democrats say the bill still lacks bite. Senator John McCain leads the push toward a bipartisan approval, potentially by Wednesday.
MENTIONED IN THIS ARTICLE
Washington
Senate
Food and Drug Administration
Congress
America
J. Phil Carlton
John McCain
R- Ariz
McCain
Senate Commerce Committee
McCain backs best proposal to curb youth smoking
If the bill misses the Friday recess, Senate leaders warn slim chances for passage this year. McCain says his plan was built to stop children from smoking after reviewing all ideas. Clinton White House reacts with cautious enthusiasm as Senate action looms.
MENTIONED IN THIS ARTICLE
Congress
Senate
McCain
Clinton White House
Legisla
Cancer Society gives gifts to political parties
The American Cancer Society directed $30 000 of this year s proceeds to Democratic and Republican governors associations. Officials cite non political accounts for the funds, but tax experts note charities may not donate to political causes. IRS penalties range from admonishment to fines.
MENTIONED IN THIS ARTICLE
Washington
American Cancer Society
Cancer Society
Linda Hay Crawford
National Charities Information Bureau
Dan Langan
IRS
Traffic study to ease load on Kansas corridor plan
Kansas Department of Transportation and Kansas Turnpike Authority fund a 1.28 million HDR Engineering study to map traffic origins and destinations between Torrxa and Kansas City. The work aims to show where to invest in highway construction or improvements, with KTA paying about 250 thousand and final results due fall 1999.
MENTIONED IN THIS ARTICLE
Torrxa
Here
Kansas City
James Tobaben
Kansas Department of Transportation
KDOT
Kansas Turnpike
HDR Engineering Inc
KTA
Tobaben
Space weather El Nifio threatens global electrical grid
The sun will emit regular solar storms for about four years starting March 2000, risking satellite damage and widespread power outages. Experts warn the space-weather El Nifio could disturb satellites and interlinked grids, with potential billions in damage as TV and cellular services falter during peak space storms.
MENTIONED IN THIS ARTICLE
Earth
Ead
Pat McIntosh
Boston University
George Siscoe
Steve Pearson
NASA Space Environment
Rich Americans dodge federal income taxes, IRS reports
Washington AP The IRS says 1,137 filers earning over $200,000 in 1994 avoided paying any federal income tax. AMT was meant to ensure some tax, but the agency notes the tax doesn't cover all avoidance. Investments in tax free bonds and deductions help reduce tax liability.
MENTIONED IN THIS ARTICLE
Washington
IRS
Internal Revenue Service
Don Roberts
Roberts
Phil Brand
Kpmg Peat Marwick LLP
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O'Keeffe
Baldwin
American Association of University Women
Lee Corridor
Topeka
PCCM
TRL
Ieee
Nntyanoxie and
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Ieee CU Lee
Terry Stevens
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el Nifio