I see a lot of visits to Canada in my future if this happens, and a van outfitted with compartments to smuggle in contraband cola. Curious, if I buy a pack of KoolAid, make it w sugar, add in club soda…do my kids have to charge tax at their lemonade stand? Is this in response to stopping the Palin kids from their lemonade stand?
Senate leaders are considering new federal taxes on soda and other sugary drinks to help pay for an overhaul of the nation’s health-care system.
The taxes would pay for only a fraction of the cost to expand health-insurance coverage to all Americans and would face strong opposition from the beverage industry. They also could spark a backlash from consumers who would have to pay several cents more for a soft drink.
On Tuesday, the Senate Finance Committee is set to hear proposals from about a dozen experts about how to pay for the comprehensive health-care overhaul that President Barack Obama wants to enact this year. Early estimates put the cost of the plan at around $1.2 trillion. The administration has so far only earmarked funds for about half of that amount.
The Center for Science in the Public Interest, a Washington-based watchdog group that pressures food companies to make healthier products, plans to propose a federal excise tax on soda, certain fruit drinks, energy drinks, sports drinks and ready-to-drink teas. It would not include most diet beverages. Excise taxes are levied on goods and manufacturers typically pass them on to consumers.
No Coke! Pepsi! Oh wait…no, nothin’.
Oh…I forgot, “95% of all Americans will have their taxes CUT (as long as they don’t drink Coke or Pepsi products).”