The Iron Clad Stupidity of a Soft Drink Tax

Posted by Michael Campbell

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A 1 1/2 cent per ounce tax on soft drinks promising to fund pre-kindergarten programs with the proceeds led to some very predictable outcomes. First, sales of soft drinks plunged, the revenue projected from the tax is down, big layoffs in soft drink producers and deliverers occurred, beer consumption rose and less than half the money raised went to pre-kindergarten programs!

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