The latest soda tax update comes from Massachussetts — and this one offers a twist!
“State lawmakers are considering a new tax on soda and other sugary drinks. The higher the sugar content, the more money you’ll pay,” CBS Boston reports.
* “A hearing at the State House on Tuesday brought out testimony on both sides. Julieta Lopez held up packets with the amount of sugar in a large soda. “This is how many packs of sugar are in that one bottle. This is ridiculous. Something needs to be done,” she told members of the Revenue Committee.”
* “The sugar-sweetened beverages contribute to higher rates of preventable chronic diseases such as type 2 diabetes, obesity, cancer, stroke, tooth decay and heart disease,” said State Rep. Kay Kahn, one of the bill’s sponsors.”
* “For drinks with less than 5 grams of sugar, there would be no tax. Drinks with 5 to 20 grams of sugar would be hit with a tax of a penny per ounce. If your favorite soda has more than 20 grams of sugar, that would cost you an extra 2-cents per ounce.”
* “Here’s an example: A 20 ounce regular Coke has 65 grams of sugar. So if the tax is passed it would cost an extra 40-cents.”
* “The bill’s sponsor said it would raise $368-million dollars a year. The excise tax would also apply to other sugary drinks in addition to sodas.”
We can’t wait to see how this turns out.