- Cape teacher accused of assaulting student at football game (10/23/16)41
- Pedestrian killed during traffic collision on I-55 (10/23/16)9
- Scott County Sheriff Rick Walter faces challenge from criminal investigator Wes Drury (10/21/16)9
- 18-year-old killed in one-car crash Thursday morning (10/21/16)1
- One issue reveals Clinton's character (10/25/16)21
- Man arrested after dispute at school spurs brief lockdown (10/21/16)6
- One victim IDs his attacker in shooting that killed woman (10/25/16)1
- 'I feel for them' (10/20/16)1
- Hundreds turn out for VintageNOW fundraiser (10/23/16)3
- R.P. Lumber chain buys Southeast Missouri Builders Supply in Cape (10/25/16)7
Asbestos bill has dire consequences
To the editor:
The U.S. Senate is set to debate a far-reaching piece of legislation that will have a dampening effect on hundred of businesses across our state. I refer to the pending Specter-Leahy bill (Senate Bill 852) that would force businesses to pay into an asbestos trust fund. Unfortunately, this business penalty is not tied to its percentage of liability.
Based upon prior asbestos expenditures, many businesses may find their obligation to be $16 million a year for 30 years. I am concerned that a number of smaller companies who rely on insurance to defend their claim may not be aware of this bill's dire and unintended consequences. Many businesses simply will be unable to make these kinds of payments and will seek bankruptcy. I am urging our senators to defeat the Specter-Leahy bill. Go back to the drawing board and find a solution that is fair, equitable and based upon sound business practices.
PHILLIP A. ORSCHELN, Kansas City, Mo.