Taxation on carbonation: NY considers soda tax
By now, we all know that sugary soft drinks and fruit drinks/juices should be once in a while treats, not the majority of children’s or adult’s daily beverages. The sugars in these drinks, often in the form of high fructose corn syrup, can contribute to obesity and Type 2 Diabetes.“We are seeing an obesity epidemic; one out of every four New Yorkers is obese, up from about 14 percent in 1995,” Laura L. Anglin, the state budget director, said at a news conference. She cited research linking soft drinks to obesity in children and diabetes in women and predicted that the tax would curb consumption of the affected drinks by 5 percent.
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