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Don Nickles: I have a couple comments. Again, I compliment my colleagues, Senator Kennedy and Senator DeWine. They have been…

On the recordJuly 15, 2004
I have a couple comments. Again, I compliment my colleagues, Senator Kennedy and Senator DeWine. They have been steadfast in their advocacy. Senator DeWine is right, he and Senator Kennedy introduced this a long time ago. If I am correct, it did not pass out of a committee, it is not on the calendar, and all of a sudden it appears on the floor. These are two bills combined, and my biggest objection is with the buyout. The buyout is $12 billion. How often do we spend $12 billion around here without having any hearing on it? The buyout did not pass out of a committee. It did not pass out of the Agriculture Committee. It certainly was not considered by the Budget Committee. There is no payment limitation, I say to Senator Grassley. In the House bill, with the $9.6 billion, it is estimated by one group to be 480 millionaires. Some estimates are 85 percent of the quota owners are not farmers. I do not know how many of those will be made millionaires. The Senate bill we are going to vote on does not even eliminate the tobacco program.
Said by
Don Nickles
Oklahoma

Editor's note · Context

Discussing concerns over a $12 billion buyout related to tobacco legislation.

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