Soda makers hope tax plan goes flat
May 20, 2009
One idea to help pay for health care reform may be hard to swallow for Coke drinkers and the soft drink industry. According to The Atlanta Journal-Constitution, Congress plans to discuss a tax on sweetened soft drinks that are often blamed for helping cause health problems like obesity and tooth decay in the first place. Not surprisingly, companies like Atlanta-based Coca-Cola Co. are sour on the potential of a so-called “sin” tax on their products. A soda tax is one of many ideas a Senate committee plans to discuss in a closed-door meeting as it begins considering how to pay for President Barack Obama’s proposed overhaul of the nation’s health care system. Advocacy groups, such as the Center for Science in the Public Interest, are pushing the idea. Passing such a tax won’t be easy, however. Previous attempts by states to tax soft drinks have come up flat.