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Higher Taxes on Alcohol Being Considered

Posted on May 20th, 2009

In an effort to help provide health insurance for all, the alcohol industry may be seeing a hike in taxes. Senators are currently focusing on ways to pay for expanding health insurance for an estimated 50 million uninsured Americans, which could amount to $1.5 trillion over a ten-year period. Lawmakers are considering many ways to cut expenses and increase taxes to help pay for the expansion, and an alcohol tax is one of the proposals.

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