Word: reporter
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Dates: during 1980-1989
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MacArthur Professor of Health Policy and Mangagement Joseph P. Newhouse '63 said the report--"The Taxes of Sin: Do Smokers and Drinkers Pay Their Way?"--was aimed at determining if excise taxes on cigarettes and alcohol cover the costs the habits incur for society as a whole...
Although alcohol taxes are not currently high enough to "pay" for the costs, cigarette taxes are, the report says...
...Because over 85 percent of smokers begin smoking before age 20 years, and some evidence suggests that the proportion of those under 20 years of age who smoke is sensitive to taxes, higher taxes may decrease the number of individuals who become addicted," according to the report...
Stock and bond prices tumbled after yesterday's report triggered renewed fears that the Federal Reserve Board will push interest rates higher in an attempt to tame inflation...
Parsons said the committee's report was only a feasibility study. He said the MBTA must now determine if the line is cost-effective and if there are alternatives...