NY Governor David Patterson and Mayor Michael Bloomberg are implementing a four cent per ounce tax on sugary beverages. The tax is an effort to raise funds for medicaid, but also an attempt to cut obesity. Many companies, Coke chiefly among them, are calling the tax unfair. The tax, which was instated on April 1, is estimated to raise $465 million.
I'm not a big soda fan, but i still believe this tax ridiculous. Before blowing holes in our pocket books, the government should try cutting their own income. In this economy, people have a hard enough time affording the bare necessities. And if it's to target obesity, why can't scrawny fellows like myself be exempt? I agree with the big corporations for once and call this tax unfair.