Idaho House approves massive income tax cut and rebate plan eastidahonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastidahonews.com Daily Mail and Mail on Sunday newspapers.
Purdue Pharma filed a $10 billion proposed plan Monday night to exit bankruptcy that would put ownership of the new company into two trusts.
However, attorneys general from two dozen states, including Colorado s Phil Weiser, say it doesn t do enough to atone for the role the firm and its founders played in fueling the America s opioid addiction crisis .
The plan was filed in White Plains, New York, and is a formal offer to settle thousands of lawsuits by states and other entities.
The proposal includes an offer for the Sackler family, Purdue Pharma s founders, to contribute more than $4 billion over a decade to settlements, and create a public repository of the company s documents.
Idaho House approves massive income tax cut and rebate plan
KEITH RIDLER, Associated Press
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Lawmakers in the House of Representative debate a bill on Wednesday, March 17, 2021, in the Statehouse in Boise, Idaho. Lawmakers approved a massive income tax cut backers say provides much-needed relief but that opponents say is a giveaway to the rich that will result in long-lasting harm.Keith Ridler/AP
BOISE, Idaho (AP) The Idaho House on Wednesday approved a massive income tax cut backers say provides much-needed relief for taxpayers but opponents say is a massive giveaway to the rich that will result in long-lasting harm.
OxyContin maker Purdue proposes $10B plan to exit bankruptcy | News, Sports, Jobs weirtondailytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weirtondailytimes.com Daily Mail and Mail on Sunday newspapers.
Some state attorneys general and opioid addiction activists pushed back Tuesday against a settlement offer from OxyContin maker Purdue Pharma, saying it didn't include enough money and goes too far in protecting the company and family members who own it from future liability.