Tuesday, September 8, 2009

Obama Is Considering A Soda Tax To Help pay for the health care bill.


“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.”

http://www.bloomberg.com/apps/news?pid=20601103&sid=aL4kvP4_gZSI

I think that this is a horrible idea, some states already have a deposit that they put on sodas sales to help encourage recycling. Not to mention sales tax. If a soda tax is to passes, it will hurt the industry a whole lot. People will start buying less soad, companies will raise the prices of soda to help regain the lost revenue from the slowing sales.

"Obama said he understands fears some would have about “Big Brother telling them what to eat or drink,” but he said any steps that reduce soda consumption would have “ a big impact on people’s health in this country.”

Is it just more or was Obama being a Hippocratic a bit there. This is basically Big Brother. Soda tax = more money for health care, less people drinking soda = less the Government has to spend on health care. Obviously Obama doesn't know what's right for the economy, that's all we need is another tax.

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