Net worth: H$1,000
Guest:Cash: hd$1,000   Predictions: hd$0
You currently have hd$1,000 (Hubdub dollars), Hubdub's virtual currency, to stake on your predictions. Your predictions are currently worth hd$0
Home
Leaderboards
Forums
PoliticsSportEntertainmentWorldBusinessTechnologyScienceGeneral

Will the US Congress pass a 'Soda Tax' in 2009?

Background: Industry battles proposals to tax sugary sodas
August 16, 2009 | Carolyn Lochhead | SF Chronicle

(08-16) 04:00 PDT Washington - -- As Congress debated health care legislation last month, the Washington media market was saturated by an advertising campaign featuring a slim adult couple on a budget holiday, sipping small cans of soda and objecting to "taxes on simple pleasures." Funded by the beverage industry, Americans Against Food Taxes wants to halt in its tracks what researchers believe is one of the best weapons in the fight against obesity: a soda tax.

Sugary soft drinks of scant nutritional value account for 43 percent of the increase in Americans' daily calorie intake since the late 1970s, said Harold Goldstein, executive director of the California Center for Public Health Advocacy. Meanwhile, soda servings have ballooned from 8-ounce bottles to 30-ounce refills, and the average American downs a gallon of soda a week. A one-cent-an-ounce tax on sugary drinks is "the single most effective approach we have," said Yale University researcher Kelly Brownell.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/16/MNF61951C0.DTL

Settlement details:As reported by a mainstream news source.

 
Forecast history %
Yes
6%
No
94%
Question suspends in 5 weeks

Suspend date: Thu 31st Dec 10:59pm PST (5 weeks to go)

Initial likelihoods: Yes: 50%

Action history:

Created Sun 16th Aug 3:23pm PST by lola

Suspend date: Thu 31st Dec 10:59pm PST (5 weeks to go) details

 

Predictions (32)

2 weeks ago
coolkraft predicted Yes (H$100 at 5%)
13 weeks ago
ddannywms predicted No (H$50 at 85%)
13 weeks ago
dnicolo1 predicted No (H$100 at 87%)
13 weeks ago
szklaneoko predicted No (H$100 at 79%)
13 weeks ago
Erik predicted No (H$5,000 at 76%)

Comments (4)

  1 lola
Calls to Tax Junk Food Gain Ground
August 23, 2009 | LA Times

Sin taxes" on cigarettes have turned out to be the most effective weapon in the campaign to reduce smoking. Why not try it on Flamin' Hot Cheetos, vanilla Coke and Twinkies? With increasing vigor, public health experts and think tanks are calling for extra taxes on foods and drinks that are heavy in calories and light on nutrition. New York Gov. David Paterson proposed an 18% soda tax last year as a budget-balancing measure, only to abandon it three months later in the face of stiff public opposition. Lawmakers in at least five other states have gone on the record in support of the idea.

Junk-food taxes are often mentioned as a way to help fund a restructuring of the healthcare system, though no one in Congress has endorsed them.

http://www.latimes.com/news/nationworld/nation/la-sci-junk-food-tax23-2009aug23,0,5244082.story
posted 13 weeks ago
  2 lola
President Obama says 'sin tax' on sodas is food for thought
By David Saltonstall | New York Daily News | September 8th 2009

The President, in an interview with Men's Health magazine released yesterday, said he thought taxing soda and other sugary drinks is worth putting on the table as Congress debates health care reform. "It's an idea that we should be exploring," the president said. "There's no doubt that our kids drink way too much soda. And every study that's been done about obesity shows that there is as high a correlation between increased soda consumption and obesity as just about anything else."

Obama is floating the idea seven months after a storm of protest forced poll-challenged Gov. Paterson to drop his plans for an 18% tax on soda and other sugary drinks. Despite that debacle, congressional lawmakers have considered soda taxes as one way to cover the cost of revamping the nation's health care system, estimated to eat up much as $1 trillion over the next decade.

http://www.nydailynews.com/news/politics/2009/09/08/2009-09-08_president_obama_says_sin_tax_on_sodas_is_food_for_thought.html
posted 10 weeks ago
  3 coolkraft
Florida is considering a soda tax...wonder if it passes if other states will follow.
posted 9 weeks ago
  4 gmgbubbad
honestly if there gonna do this why dont they raise the tax on vehicles....i understand it will help america loose weight and what not but look at it this way....ford is ur bottle of water or nonsugary drink which ever u prefer...and say bmw or mercedez is ur coke.....if im gonna have to pay more to get the drink i really love it should be the same for everything else..u cant apply it to one aspect of life and not the rest when there all related
posted 5 weeks ago

Please log in or join to add a comment

Stake virtual dollars on the outcomes of real news stories! Win more if you're right and climb the leaderboards Learn more...

Name
Email
New password
By joining you are agreeing to our terms of service

Related News
This news is selected automatically based on the question, its background, options and tags

Related Tags

More questions by