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Word: taxed (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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Cost containment alone won't cure the medical system. New sources of revenue must be found. Begin by doubling the federal excise tax on cigarettes. In recent years smoking has been recognized for what it is: an addiction and a health threat, often even to bystanders. This Administration championed "zero tolerance" and urged Americans to "Just say no" to other drugs. Let the next Administration commit itself to leading the U.S. away from its single most deadly habit. Cigarettes kill an estimated 300,000 Americans annually. That is 15% of the deaths in the country, far more than are caused...

Author: /time Magazine | Title: Health Care: Beyond Bromides | 10/31/1988 | See Source »

Federal excise taxes on cigarettes are about 16 cents a pack. For every additional penny levied on the 29 billion packs smoked yearly, the Government would raise $290 million. Doubling the tax -- call it a user fee -- would yield an additional $4.6 billion that could be earmarked for health care. That revenue would be only half the benefit. Kenneth E. Warner, a professor at the University of Michigan's School of Public Health, estimates that doubling the cigarette tax would cut the population of teenage smokers by 17%, protecting more than 800,000 young Americans from cigarettes. Governments...

Author: /time Magazine | Title: Health Care: Beyond Bromides | 10/31/1988 | See Source »

Bush has singled out pregnant women and infants as a priority for health coverage, the costs to be paid by the rising tax revenues of an expanding economy. But for most of the uninsured, he offers only a vague suggestion that they "buy into Medicaid." With what? Even among the uninsured who work, about half earn less than $5 an hour. Their contribution to a Medicaid insurance fund would be either meaninglessly meager or unconscionably expensive...

Author: /time Magazine | Title: Health Care: Beyond Bromides | 10/31/1988 | See Source »

...entitlement package, to me, is the idea that people like Peter Peterson, to take a specific example, should be getting three to five times what I've put into Social Security, plus interest, plus my company contribution, plus interest, and that I should be receiving a lot of it tax free...

Author: /time Magazine | Title: Interview: with Peter Peterson: Get the Rich Off the Dole | 10/31/1988 | See Source »

...should have a firm principle that the relatively well-off should receive zero subsidies, not what's left after you pay taxes, but zero. I say that when a person hits somewhere between $40,000 and $100,000 dollars a year in retirement, if he's got back his contributions plus interest, I'd tax it 100% because the relatively well-off should get no subsidies or welfare at a time like this...

Author: /time Magazine | Title: Interview: with Peter Peterson: Get the Rich Off the Dole | 10/31/1988 | See Source »

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