Posts tagged: President Barack Obama

Boehner likes tobacco – and its money

Tweet Big news: President Barack Obama has finally quit smoking. It’s about time. What a terrible image from our country’s role-model­in-chief. But now we have a new smoker-in­chief — it’s the new Speaker of the House, John Boehner. He’s known for spending time in “Smoker’s Alley” outside the lobby of the Speaker of the House. And he’s un­apologetic about the image he proj­ects to our nation’s youth. He’s fine with smoki ... Jump to full article >>

Tobacco Loophole In Child Health Law Will Cost Government $250 Million

Tweet A tobacco tax loophole in President Barack Obama’s children’s health insurance program cost the government more than $250 million in its first year, public health officials say. The loophole allowed companies to avoid huge tax increases on loose rolling tobacco by relabeling their product as pipe tobacco. The simple marketing twist lets companies pay $2.83 per pound, rather than the $24.78 per pound levied on smoking tobacco. Th ... Jump to full article >>

PACT Act Passes Congress

Tweet Roughly one week after the U.S. Senate unanimously passed its version of the Prevent All Cigarette Trafficking Act (PACT Act), the U.S. House passed that version in a 387-25 vote, sending the proposal to President Barack Obama for action. The PACT Act would prohibit the U.S. Postal Service from delivering cigarettes ordered over the Internet, in an effort to lessen tax evasion and youth access to tobacco. The bill — which originally p ... Jump to full article >>

Senate Passes PACT Act

Tweet The Senate unanimously passed the Prevent All Cigarette Trafficking Act (PACT Act) March 11, which would help prevent tobacco tax evasion and underage purchasing by consumers through a ban on remote sales of tobacco. The bill — which passed the House in May — is authored by Sen. Herb Kohl of Wisconsin and co-sponsored by a bipartisan group of 20 senators. The House version, penned by Rep. Anthony Weiner of New York, passed by a ... Jump to full article >>

S&P on FDA / Regs may pose risks to tobacco industry, change competitive landscape

Tweet NEW YORK — President Barack Obama’s signing in mid-June of the Family Smoking Prevention & Tobacco Control Act giving the U.S. Food & Drug Administration (FDA) oversight of the U.S. tobacco industry is likely to have broad effects on the industry but no immediate rating impact on the largest-rated tobacco manufacturers or on tobacco settlement-backed securitizations, according to a recent report published by Standard &am ... Jump to full article >>