Diet beverages no longer getting the pass on “soda-tax”

When cities across America have instituted a so-called “soda-tax” — New York City being the most notable — diet soda’s have aways gotten a tax-free pass. Philadelphia might be changing that, as they are looking at all sweetened beverages, whether they contain natural or artificial sugar, as part of its new tax proposal.

Philadelphia’s City Council agreed to support a tax of 1.5 cents per ounce on sweetened beverages, including all sweetened drinks, whether they are sugar-based or diet. The proposal still requires a second council vote, expected to pass on June 16. Cities interested in similar taxes include Oakland, Calif., San Francisco and Boulder, Colo.

Source: Philadelphia City Council Set To Pass Soda Tax : NPR

About the Author

Chris Broussard
I'm the Co-Founder and President of Tematica Research and editor of Thematic Signals, which aims to uncover confirming data points and items to watch for our list of investing themes. Whether its a news item, video clip, or company commentary, we've included this full list of items literally "ripped from the headlines." I have been involved in financial services marketing and publishing for over 20 years – having held senior level positions with financial publishers, financial services corporations and providing marketing support and consulting services to financial institutions and independent financial advisors. My background in digital marketing, financial services and consumer research provides me with a unique perspective on how to uncover the underlying proof points that are driving the themes our Chief Investment Officer Chris Versace utilizes in our various Tematica publications.

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