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Mountain Dew tax coming?

Bob avatar
SoWal Insider
712 views
Obama Says New Tax on Sugary Drinks Worth ‘Exploring’ (Update1) - Bloomberg.com By Nicholas Johnston

Sept. 8 (Bloomberg) -- President Barack Obama said he is willing to consider taxing soda and other sugary drinks as Congress debates overhauling the U.S. health-care system.

?I actually think it?s an idea that we should be exploring,? Obama said in an interview with Men?s Health magazine that goes on sale next week. ?There?s no doubt that our kids drink way too much soda.?

Lawmakers drafting legislation to revamp the U.S. health- care system have considered new taxes on sugar and sweetened soda to help pay the cost, estimated at as much as $1 trillion over the next decade.

Obama said that, while the proposal faces opposition from some legislators, higher taxes that reduce soda consumption would be helpful.

?Every study that?s been done about obesity shows that there is a high correlation between soda consumption and obesity,? Obama said in the magazine interview. ?Obviously it?s not the only factor, but it is a major factor.?

Lobbyists for Coca-Cola Co., Archer Daniels Midland Co. and allies in the soft-drink industry have worked to kill the proposal, which has been debated by the Senate Finance Committee.

Replies

13
Here4Good avatar
Beach Fanatic
#2
Have these people never heard of Jack and Coke? This is sacrilege.

So, would Diet Coke be exempt?
Bob avatar
SoWal InsiderAuthor
#3
Have these people never heard of Jack and Coke? This is sacrilege.

So, would Diet Coke be exempt?
yes, but i'm not sure about red bull
scooterbug44 avatar
SoWal Expert
#4
How much is the proposed tax exactly?

If it is the same one I heard discussed before, the tax is so minimal it only changes the price of a massively oversized soft drink by a couple cents.

And what would the cost difference be between stopping farm subsidies to giant corporate farmers and the amount the tax would bring in?
Banned
#5
and clinton campaigned taking soda out of new york public schools. these people will tax everyone and everything i swear. and than they will look in the camera and promise no new taxes on the middle class and the poor. :bang:
Bob avatar
SoWal InsiderAuthor
#6
the corn syrup lobby is angry
BeachSiO2 avatar
Beach Fanatic
#7
the corn syrup lobby is angry

HFCS is the devil.... :pissed:
30ashopper avatar
SoWal Insider
#8
How much is the proposed tax exactly?

If it is the same one I heard discussed before, the tax is so minimal it only changes the price of a massively oversized soft drink by a couple cents.

And what would the cost difference be between stopping farm subsidies to giant corporate farmers and the amount the tax would bring in?

I think this is just one of the possible revenue generators they have considered. Pretty heady tax actually when you consider how much money it'd suck out of the economy.

The feds just love spending our money on what they think it is best spent on. Pretty soon we won't make anything, we'll just send it all to washington and they'll divvy it up to whoever they feel is most deserving.
Bob avatar
SoWal InsiderAuthor
#9
i would argue that the corporations charge more for healthier versions of their own processed foods with no government intervention. i view taxing cokes and twinkies as nothing more than the same economic nudge we give cigarette smokers who are slowly killing themselves and driving up everyone's health care costs.
mtlinscomb avatar
Beach Fanatic
#10
i would argue that the corporations charge more for healthier versions of their own processed foods with no government intervention. i view taxing cokes and twinkies as nothing more than the same economic nudge we give cigarette smokers who are slowly killing themselves and driving up everyone's health care costs.

how's that love affair with big brother going for you these days?
Bob avatar
SoWal InsiderAuthor
#11
how's that love affair with big brother going for you these days?
it ain't a love affair...it's growing up in the age of cigarettes, leaded gasoline and paint, racial discrimination, red meat and sugar diets, stupidly blind patriotism, and watching the evening news as the main source of info that got me to realize how much freer we all are to not swallow the bulls..t we all were fed. watch the bovine wallowing through walmart, and you'll see the remote control, coke, and cheetos generation going to aisle 9 for their next hit. schools are already restricting easy access to this crap at lunchtime. corporate america should make money without killing their target market, and healthy food should be cheaper than it's unhealthy twin. ain't socialism great? now go get those little debbies next time you're hoarding bullets.

Edited

beachmouse avatar
Beach Fanatic
#12
the corn syrup lobby is angry

Don't we still subsidize the heck out of the American corn industry?
TooFarTampa avatar
SoWal Insider
#13
Last edited by Bob; Today at 01:39 PM. Reason: changed twinkies to little debbies

:lolabove:
Bob avatar
SoWal InsiderAuthor
#14
Don't we still subsidize the heck out of the American corn industry?

Archer Daniels Midland - Wikipedia, the free encyclopedia Criticism of ADM

ADM's receipt of federal agricultural subsidies have come under criticism. According to a 1995 report by the Cato Institute, a libertarian think tank, "ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period. At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM's corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30."[13]

In 1994, the New York Times wrote "the Clinton Administration's policy on emission-reducing renewable fuels -- in essence, ethanol made from corn -- is little more than a politically inspired gift to farmers and corn processors, especially the Archer Daniels Midland Company". [14]

ADM's lobbying and campaign contributions have encouraged the continuation of the United States federal sugar program (of trade barriers and price supports) by Congress, costing US consumers roughly $3 billion a year.[13] ADM also lobbied to create and perpetuate federal ethanol subsidies. Some commentators have concluded that the ADM experience demonstrates the need for campaign finance reform.[13]

In July 2005, the International Labor Rights Fund filed suit against the Nestle, Archer Daniels Midland, and Cargill companies in Federal District Court in Los Angeles on behalf of a class of Malian children who were trafficked from Mali into the Ivory Coast and forced to work twelve to fourteen hours a day with no pay, little food and sleep, and frequent beatings. The three children acting as class representative plaintiffs are proceeding anonymously, as John Does, because of feared retaliation by the farm owners where they worked. The complaint alleges their involvement in the trafficking, torture, and forced labor of children who cultivate and harvest cocoa beans which the companies import from Africa.[15]

Archer Daniels Midland, along with Cracker Barrel and Nestle Purina Pet Care, achieved the lowest score (15 out of 100) of all rated Food and Beverage companies in the Human Rights Campaign's 2008 Corporate Equality Index, a measure of Gay and Lesbian workplace equality.[16]

The company is now facing its first-ever markets campaign, as the environmental group Rainforest Action Network is imploring the halt of agricultural expansion into tropical rainforests in Brazil and Southeast Asia.[17] Like other agribusiness, ADM only processes the raw materials from crops grown by third parties. However, ADM is a major purchaser and trader of the agricultural commodities that are motivating the destruction of rainforests and has a controlling interest in Wilmar, the company most responsible for new industrial palm oil plantation expansion in Indonesia, and one of the largest investors in biofuels. As such, ADM has the ability to significantly influence the market.

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