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Read this articleThe Positive Effects of a Higher Alcohol Tax
(Photo: Jesús León) Philip J. Cook and Christine Piette Durrance have published a working paper called “The Virtuous Tax: Lifesaving and Crime-Prevention Effects of the 1991 Federal Alcohol-Tax Increase.” It makes a substantial argument for the upside of higher alcohol taxes: On January 1, 1991, the federal excise tax on beer doubled, and the tax rates on wine and liquor increased as well. … We demonstrate that the relative importance of drinking in traffic fatalities is... Continue reading »
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