The New York Daily News saw fit to quote us last week explaining how soda taxes lack any pop. Today, the publication gave us the opportunity to elaborate on our belief that lifestyle taxes on soda are all fizz. As we told online readers of the paper:
Despite opposition from two-thirds of Americans, President Obama has latched onto exploring one proposal to raise billions of dollars through "lifestyle taxes" on soft drinks. Not only would a tax on soda (or food, or alcohol) generate a new revenue stream, but supporters claim that it would also drive down medical costs by reducing rates of obesity. …
Americans know a swindle when they see one. Along with widespread opposition to a soda tax, over 70% oppose such taxes on high-calorie foods, with half of respondents strongly disapproving.
Read the whole piece here.