Soda Tax Revenue Projections
I’m not advocating for or against soda taxes at this point (though, earlier I was definitely against the idea). Â There are many pros and cons to this issue that need to be studied further before any actual implementation. Â Plus, there are other avenues of curbing soda consumption that should be considered. Â For instance, ending subsidies on the corn the fuels high fructose corn syrup products would not only increase the price of soda (and other junk, processed foods), but it would also allow the government to save some money.
With budget shortfalls and growing deficits, states are looking for new funding sources, too…Which is why they may be less and less reluctant to turn to soda taxes. Â State governments could help curb obesity and rake in some major dollars with a soda tax as little as one cent per ounce. Â Thanks to Yale University’s Rudd Center for Food Policy and Obesity, you can easily calculate how much your state could earn with a new soda tax. Â By its calculation, California could make almost $3 billion on all sugar-sweetened beverages. Â That ought to help the Governator plug some budgetary holes.
Does the potential revenue from soda taxes persuade anyone to give anyone a second thought?
September 28, 2009
Tags: pepsi, soda, sugar Posted in: Fun Food Facts, Health
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Soda Taxes Part Two – The Industry Creates A Citizens Coalition | Food Bubbles - September 30, 2009
[...] Â No soda taxes or the like were mentioned, but according to research of the sort that lead to the soda tax revenue calculator they could make a rather big dent in health care [...]
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