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Steve McIntosh Report Blog



Time for a sugar tax?

The June issue of A-A-R-P’s Bulletin carries an article titled “Tax Attack”. It says “higher taxes have discouraged public consumption of whiskey and tobacco. Now it’s sugar’s turn”.
The article says: “By one count, the annual health care cost of obesity in America is $190 billion, with more than half of that paid by Medicare and Medicaid”. It also says “a new University of California study offers these cold projections: A 1-cent-per-ounce tax on sweetened beverages – adding 20 cents to the cost of a $1.25 bottle of soda – would prevent nearly 2.4 million cases of diabetes, 95,000 cases of heart disease, 8,000 strokes and 26,000 premature deaths in the next decade. Researchers projected $13 billion in new annual tax revenues and, importantly, a $17 billion savings in health care costs over 10 years”.
Push-back on this idea comes from the food and beverage industry, which spent $58 million to keep a sugar tax out of federal health care reform.
 
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Our thought for today is from Albert Schweitzer:
 
“Happiness is nothing more than good health and a bad memory.” 


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06/13/2012 1:14AM
Time for a sugar tax?
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