What if the cost of your favorite sugary treat went up by a few cents? Would this alter your buying habits?
I read last week that one strategy being considered to fund Obama's health care expansion is to tax soda and other sweetened drinks. As reported in the Wall Street Journal, a 3 cent hike/tax for any super sweet beverage could net $24 billion -- a literal drop in the estimated $1.2 trillion bucket needed for Obama's plan.
Arguing for the tax:
Proponents claim that higher prices will reduce consumption and therefore improve American's health.