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  • Soda Tax Weighed to Pay for Health Care

    05/12/2009 2:35:48 AM PDT · by PghBaldy · 274 replies · 10,684+ views
    Wall Street Journal ^ | May 11 | Janet Adamy
    Senate leaders are considering new federal taxes on soda and other sugary drinks to help pay for an overhaul of the nation's health-care system. The taxes would pay for only a fraction of the cost to expand health-insurance coverage to all Americans and would face strong opposition from the beverage industry. They also could spark a backlash from consumers who would have to pay several cents more for a soft drink. On Tuesday, the Senate Finance Committee is set to hear proposals from about a dozen experts about how to pay for the comprehensive health-care overhaul that President Barack Obama...