Wednesday, January 20, 2010

New York Gov. Seeks Soda Tax

In his latest budget proposal, New York Gov. David Paterson has proposed a tax on sugared drinks that would amount to about a penny an ounce. According to The Wall Street Journal's Jacob Goldstein, "the basic argument is that taxing soda and other sugared drinks would be a way to fight obesity while raising money to fund health care (the money raised by the proposed tax in New York would go into an existing pool that funds some of the state’s health expenses)."

The proposed tax (explained on  p. 130 of this PDF) would be levied on drinks "that contain more than ten calories per eight ounces, such as soda, sports drinks, ‘energy’ drinks, colas, fruit or vegetable drinks containing less than 70% natural fruit or vegetable juice, and bottled coffee or tea. Milk, milk products, milk substitutes, dietary aids, and infant formula would be exempt."

1 Comment:

  1. JAVSnyc said...
    Soda companies are good corporate citizens. They employ people in various communities and give to those communities in times of need. One of the first companies to respond to the tragedy in Haiti was Coca-Cola with a donation of $1 million dollars to the Red Cross. On the ground, Coca-Cola is getting four thousands cases of water through to Haiti each day. Keep going Coke -- Please keep helping!

    Governor Paterson should back off the soda. It is not the source of the obesity problem. Inferior physical and nutritional education, which of course leads to poor exercise habits and ill-advised diets, are the cause of inflated waistlines. Having a salad with a Coke is far better then a bottle of water to wash down a face full of dirty water dogs. Add walking up the stairs instead of taking the elevator and you’re golden.

Post a Comment