Accession Number : ADA347242
Title : The Proposed Tobacco Settlement: Issues from a Federal Perspective.
Corporate Author : CONGRESSIONAL BUDGET OFFICE (U S CONGRESS) WASHINGTON DC
Personal Author(s) : Antos, Joseph ; Rarick, Kathryn ; Varichek, Bruce ; Wagner, Judith ; Matson, Julia
Report Date : APR 1998
Pagination or Media Count : 64
Abstract : Last year, representatives of five major tobacco companies and a group of state attorneys general reached an agreement that, if enacted, could dramatically change the ways in which tobacco is marketed, sold, and consumed in the United States. That settlement would impose large payments on the tobacco industry, strengthen regulatory controls, and expand public health initiatives to reduce cigarette smoking. This Congressional Budget Office (CBO) paper-prepared at the request of the Assistant Majority Leader of the Senate--examines the settlement's potential impacts on consumers and the industry. The reduction in cigarette consumption and the amount of payments by the industry are estimated under various assumptions regarding increases in the price of cigarettes and the response by smokers to those price hikes.
Descriptors : *INDUSTRIES , *ECONOMIC IMPACT , *LIFE CYCLE COSTS , *PUBLIC HEALTH , *CONSUMERS , *LITIGATION , *TOBACCO SMOKING , UNITED STATES GOVERNMENT , REDUCTION , RESPONSE , ILLNESS , AWARDS , ATTORNEYS , CONSUMER PROBLEMS.
Subject Categories : SOCIOLOGY AND LAW
Distribution Statement : APPROVED FOR PUBLIC RELEASE