WASHINGTON, Nov 14, 2008 /PRNewswire-USNewswire via COMTEX/ -- Attributable to Senior Vice President Frank Coleman
Repeated studies have shown that chronic alcohol abusers are unaffected by price. Furthermore, according to the Federal Dietary Guidelines, moderate consumers of alcohol have the lowest death rate of anyone in the population - including non-drinkers. It strains credulity that a tax hike like the 1983 Alaska one could have the effect the authors ascribe to it. Most important, what they fail to account for in their analysis is the enormous economic impact their high tax policy prescription would have on the rest of society.
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