I had been hearing about a potential "fat tax" to be levied on the beverage industry that would raise the price of a 20oz. bottle of soda by fifteen to twenty percent. The proposed tax would be one cent per ounce of beverage. This is just another tax in the list of increases that will continue to grow as the need to garner money for repairing current deficits as well as for funding programs in state and federal governments also continues to grow. For instance, several states have already increased their state sales tax rates.
This new "fat tax" is targeted toward accomplishing two major objectives. One, to raise money to fund new health care initiatives by raising an estimated $14.9 billion in just it's first year. This money will help to offset expenditures related to the obesity problem which is figured to account for almost $14 billion per year of the total $147 billion health care expense. Secondly, the goal is to stem the tide of the overweight and obesity epidemic in this country by steering people away from consuming these beverages. It is in some way a viewed as a prevention strategy for improving health and reducing health care costs associated with obesity which can also reduce the diabetes epidemic as well.
Some research has shown that eliminating sugary beverages has led to a decrease in weight and that just one bottle of soda can lead to a 60% increase in obesity risk in young teens. The recent push by doctors and researchers at leading institutions like Harvard and Yale University as well as Boston Children's Hospital are advocating such a tax as a step in the right direction to reduce the risk and occurrence of obesity as well as providing needed funding to support health care initiates through a prevention strategy that will save money. Sounds good to me since I am not a fan of sugary beverages and especially not one of high fructose corn syrup which is increasingly implicated as a major contributor to the obesity problem. We will have to see what happens but I imagine it will pass in some form just like the sin tax on cigarettes.
Soda Tax Wins Health Experts Support