Latest Soda tax Stories

The Liquid Candy Tax Calculator shows policymakers and the public how much the government could raise by taxing sugary drinks, a U.S. advocacy groups said. Officials at the Center for Science in the Public Interest in Washington said that federal and state governments should levy excise taxes on soda and other sugary drinks both to raise revenues to pay for health coverage and prevention programs and also to decrease consumption of products that promote obesity. For example, the online...

Health experts are hoping that people will lose their sweet tooth with the institution of a penny-per-ounce tax on sugary beverages, Reuters reported. The tax idea was designed to combat obesity by detouring consumption as well as generate billions of dollars that would directly go to state and local governments to promote health programs. Taxing cigarettes has been beneficial in reducing smoking.  One review proposed that for every 10 percent jump in price, consumption dropped by 7.8...