Tuesday, June 21, 2016

A Spoonful Of Taxes

More government sugar for everyone:
“Congress should follow Philadelphia’s lead and enact the SWEET Act, which would reduce the human and economic costs of health conditions related to these beverages,” DeLauro said in a press statement this week. “And while we continue to pressure Congress to act, more cities should step up and lead on this critical issue. At a time when one-in-three children and adolescents are overweight or obese, with the numbers even worse for adults, we must take action.”

Philadelphia is the second large U.S. city to tax soda and follows Chicago – which has a three percent tax on retail soda sales and a separate tax on fountain beverages. Associated Press (AP) reports that Philadelphia will have a 1.5-cent-per-ounce tax on sugar, which will become effective January 1.

“The tax will be levied on distributors,” AP explains. “If they pass it entirely on to consumers, the cost of a 12-ounce can of soda would go up 18 cents. A six-pack of 16-ounce bottles would go up $1.44.”
Passing the cost of the nanny state on to you...

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