23 Jun 2009
Bill puts tobacco products under FDA oversight

Oh, yeah. Save the children. No doubt.

But why was this bill backed by the biggest players in the industry?

Maybe because it will put smaller competitors at a disadvantage in compliance with the new FDA regulations? Or maybe because when the FDA lowers nicotine levels in individual cigarettes, smokers will need to buy more to satisfy their addiction?

Which not only will boost the tobacco companies bottom lines, but will increase tax revenues for governments at all levels, too. How nice.

President Obama signed landmark legislation Monday giving the Food and Drug Administration new power to regulate the manufacturing, marketing and sale of tobacco.

(link) [CNN.com]

07:27 /Politics | 1 comment | permanent link