Philadelphia Set to Become First Major U.S City to Successfully Pass "Soda Tax"

This is a change of topic.

Starting January 1st, 2017 there will be a 1.5 cent-an-ounce tax on sugar sweetened beverages. The Philadelphia City Council and mayor Jim Kenner projects the tax will help raise revenues for improving public parks, public schools, pre-kindergarten programs, recreation areas, and libraries. Health advocates also predict the tax will help decrease diabetes, heart disease, and obesity rates. The American Heart Association believes this tax "could reduce adult consumption of sugary drinks by 15 percent, obesity by 1.5 percent and new cases of diabetes by 2.6 percent,". Placing taxes on sugary drinks will prompt residents to choice healthier drink options such as water. This is similar to how tobacco taxes drastically reduced smoking rates. Although the tax is met with some opposition by the American Beverage Association, $91 million is expected to be raised in the first year alone. 

No comments: