Escaping Philly’s Soda Tax

On January 1, the city of Philadelphia enacted a soda tax, or a “Sweetened Beverage Tax ” (SBT). The new policy levies a tax of 1.5 cents per ounce on most drinks containing a sugar-based sweetener or artificial sugar substitute (e.g. high fructose corn syrup).
The following infographics from the Philadelphia Inquirer show the impact of the tax on the price of many beverages.

Proponents of the tax like Philadelphia Mayor Jim Kenney, argue that the tax will bring in millions of dollars that may be used for a variety of programs. He’s suggested that the money collected will be used to expand

Read more at The Independent Institute