John Nothdurft and Donny Kendal present episode #111 of the In The Tank Podcast. Today’s podcast features work from the Tax Foundation, the Illinois Policy Institute, The Property and Environment Research Center, and the Fraser Institute.
Cities across the nation have passed tax increase on sugar content in sweetened beverages. Despite the good intentions, research has shown efforts by companies have already reduced sugar and offered alternative options to informed consumers, making them unnecessary.
Chicago Ald. George Cardenas has proposed raising taxes on sugary drinks in an effort to correct the city’s budget woes. Last night, the effort appeared to fizzle, as community members and elected officials objected to the sin tax, noting that the tax would have little effect on both the budget and Chicago’s long-term health.
By the middle of October, if everything stays on schedule, Mexico’s legislators may well prove that they haven’t learned a thing from policies that have been tried and failed, from Denmark to New York City.