WSJ.com reported Senate leaders are considering new federal taxes on soda and other sugary drinks to help pay for an overhaul of the nation's health-care system.
They just raised taxes on cigarettes to pay for health insurance. How many more taxes will Obama's Nanny State raise on the people he promised not to raise taxes on, to try to control what we consume. Or is this tax just for soda drinkers that earn in the top 5%.The taxes would pay for only a fraction of the cost to expand health-insurance coverage to all Americans and would face strong opposition from the beverage industry. They also could spark a backlash from consumers who would have to pay several cents more for a soft drink.
Does it apply to diet soda, which contains many possibly dangerous chemicals.On Tuesday, the Senate Finance Committee is set to hear proposals from about a dozen experts about how to pay for the comprehensive health-care overhaul that President Barack Obama wants to enact this year.
Here is an idea. Don't pass Obama Care, and you won't have to pay for it.Early estimates put the cost of the plan at around $1.2 trillion.
That is a LOT of soda.The administration has so far only earmarked funds for about half of that amount.