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Senate Tobacco Quota Buyout/FDA Legislation Would Hurt Growers, Industry WINSTON-SALEM, N.C. – July 15, 2004 – R.J. Reynolds Tobacco Co. today reiterated its vigorous opposition to the Kennedy/McConnell tobacco quota buyout/FDA amendment debated by the U.S. Senate. Tommy Payne, executive vice president of external relations, said, “The Kennedy/McConnell amendment is ill-conceived, imperils the viability of a tobacco quota buyout and creates an overwhelming competitive advantage for Philip Morris that is unprecedented in the modern history of Congressional action. “This amendment fails to make U.S. tobacco farmers more competitive and would be financially disastrous for tobacco manufacturers, their employees, their business partners and adult smokers, many of whom are lower- and middle-income wage earners,” Payne added. “If Congress is serious about giving tobacco growers financial relief, it will adopt the House version of the tobacco quota buyout bill,” Payne said. Posted on Thu, Jul. 15, 2004

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