- Two men accused of selling meth to undercover cop (6/22/17)
- Former Cape cop faces stealing-by-deceit charge (6/18/17)3
- Jackson scores high in survey of residents; better streets, Aldi are high priorities (6/20/17)4
- Marble Hill mayor hires city manager without board approval (6/21/17)2
- Police: Man grabbed wheel, tried to kill driver and himself in Jackson crash (6/23/17)
- Cape man faces charges of victim tampering (6/18/17)
- Police: Cape abduction may have ties to Georgia homicide (6/18/17)5
- 3 drown in Southeast Missouri in three days (6/16/17)
- Library provides free lunches this summer (6/19/17)
- Fire destroys two greenhouses at Travelers Gazebo site in Cape (6/22/17)
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.