Mountain Dew tax coming?

[Bob]

Obama Says New Tax on Sugary Drinks Worth ‘Exploring’ (Update1) - Bloomberg.com By Nicholas Johnston

Sept. 8 (Bloomberg) -- President Barack Obama said he is willing to consider taxing soda and other sugary drinks as Congress debates overhauling the U.S. health-care system.

?I actually think it?s an idea that we should be exploring,? Obama said in an interview with Men?s Health magazine that goes on sale next week. ?There?s no doubt that our kids drink way too much soda.?

Lawmakers drafting legislation to revamp the U.S. health- care system have considered new taxes on sugar and sweetened soda to help pay the cost, estimated at as much as $1 trillion over the next decade.

Obama said that, while the proposal faces opposition from some legislators, higher taxes that reduce soda consumption would be helpful.

?Every study that?s been done about obesity shows that there is a high correlation between soda consumption and obesity,? Obama said in the magazine interview. ?Obviously it?s not the only factor, but it is a major factor.?

Lobbyists for Coca-Cola Co., Archer Daniels Midland Co. and allies in the soft-drink industry have worked to kill the proposal, which has been debated by the Senate Finance Committee.

 

[Here4Good]

Have these people never heard of Jack and Coke? This is sacrilege.

So, would Diet Coke be exempt?

 

[Bob]

Have these people never heard of Jack and Coke? This is sacrilege.

So, would Diet Coke be exempt?

yes, but i'm not sure about red bull

 

[scooterbug44]

How much is the proposed tax exactly?

If it is the same one I heard discussed before, the tax is so minimal it only changes the price of a massively oversized soft drink by a couple cents.

And what would the cost difference be between stopping farm subsidies to giant corporate farmers and the amount the tax would bring in?

 

[kkddbb]

and clinton campaigned taking soda out of new york public schools. these people will tax everyone and everything i swear. and than they will look in the camera and promise no new taxes on the middle class and the poor.

 

[Bob]

the corn syrup lobby is angry

 

[BeachSiO2]

the corn syrup lobby is angry

HFCS is the devil....

 

[30ashopper]

How much is the proposed tax exactly?

If it is the same one I heard discussed before, the tax is so minimal it only changes the price of a massively oversized soft drink by a couple cents.

And what would the cost difference be between stopping farm subsidies to giant corporate farmers and the amount the tax would bring in?

I think this is just one of the possible revenue generators they have considered. Pretty heady tax actually when you consider how much money it'd suck out of the economy.

The feds just love spending our money on what they think it is best spent on. Pretty soon we won't make anything, we'll just send it all to washington and they'll divvy it up to whoever they feel is most deserving.

 

[Bob]

i would argue that the corporations charge more for healthier versions of their own processed foods with no government intervention. i view taxing cokes and twinkies as nothing more than the same economic nudge we give cigarette smokers who are slowly killing themselves and driving up everyone's health care costs.

 

[mtlinscomb]

i would argue that the corporations charge more for healthier versions of their own processed foods with no government intervention. i view taxing cokes and twinkies as nothing more than the same economic nudge we give cigarette smokers who are slowly killing themselves and driving up everyone's health care costs.

how's that love affair with big brother going for you these days?