A quick update from last week's blog in case you have not been following the soda tax controversy. In the past year, Capitol Hill and even the President have said that taxing sugary soft drinks may be a good way to reduce consumption and create a $50B revenue stream for the federal government over the next decade.
The legislation didn't for forward in Congress but CA legislators are looking at their own version of a soda tax.
California Senate Majority Leader Dean Florez introduced his soda tax bill last week, he said one penny of tax per teaspoon of added sugar in any sweetened beverage would generate as much as $1.5 billion each year. That money would pay for parks, recreation and school health programs, Florez said. “The Legislature is primed for this bill,” according to Florez.
More on soda tax....
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