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New York planning ‘fat tax’ on drinks

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JONATHAN KARL
London Telegraph
Tuesday, Dec 16, 2008

If Governor David Paterson’s plan becomes law, consumers would pay more for non-diet versions of drinks such as Coca-Cola, the New York Times reported.

Gov Paterson is proposing the potential 15 per cent tax to help close a budget deficit of $15bn and improve the health of people living in the state.

Mr Paterson has said he will not raise state income tax but added: ‘You can’t tax $50 billion on New York’s wealthiest residents. You are going to have to take it from other places and hopefully, if there were to be an income tax, it would be at the end of the process, not the beginning.’

(ARTICLE CONTINUES BELOW)

New York planning fat tax on drinks  121208banner3

Some other US states have sales taxes on soft drinks, sweets and snacks.

But New York’s proposals would be the first to distinguish between ‘diet’ and ‘non-diet’ products.

Full article here

This article was posted: Tuesday, December 16, 2008 at 11:43 am





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