Publisher's Synopsis
Excerpt from Tobacco Outlook and Situation Report, Vol. 194: March 1986
As a part of a deficit reduction bill, Congress passed legislation on March 20 that would change the quota setting procedures, price support calculations, and other features of the tobacco price support and production control program. The bill also makes the l6-cent Federal cigarette excise tax permanent. Senate leaders indicate the President will likely sign the legislation, thus requiring new burley and flue-cured quota and price support announcements.
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