The United States Senate is considering a federal tax on pop and other sugary beverages, the Wall Street Journal reports.
The 3 cent tax on every 12 oz serving of pop would pump an estimated $24 billion into federal coffers over the next four years. Senate leaders are considering the lifestyle tax as a way to fund part of President Obama’s health care plan.
The Wall Street Journal has the full story.
[Update]
This post has been getting a good deal of traffic over the last few weeks. Here are some more recent posts on the push to tax soda.
European-style soda taxes make inroads
Is a “Coke Tax” a threat to Free Refills?
3 cents per can? What the hell is that going to accomplish. Maybe it ought to be $1.00 per can or $2.00-$3.00. When is all of this crap going to stop?
Why not tax tampons, or bandands or lotion for some other stupid reason they can make up.
Boy we are going to fire them all in 2010!!! Then they can work at 7&11.
$175,000.00 per year with benefits+perks is what we pay these people?
How about taxing thier pay at 75%.