So the payment would not be affected by whether the excise taxes go up or down. The payments would have to be made over a number of years, all $428 billion of them, which is $60 billion more than in the settlement. Is the Senator aware of this, $60 billion more than the attorneys general, Castano group, et cetera, and tobacco companies' agreement back on June 20, 1997? Is the Senator aware of it?
Orrin Hatch: “So the payment would not be affected by whether the excise taxes go up or down. The payments would have to be made over…”
On the recordMay 20, 1998
Source
govinfo.govEditor's note · Context
Discussing the financial implications of a tobacco settlement during Senate debate.
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