Soda Tax Deserves to Fizzle

(NEWSER) - The soda tax is a great idea, and its probable death at the hands of lobbyists serves to highlight all the problems with our tax system, writes David Leonhardt in the New York Times. The current system doesn’t raise enough money, and it’s “complex in all the wrong ways,” a vast labyrinth of deductions, subsidies, and extra taxes devoid of logic. More»

A few cents on every can could improve health

(NEWSER) - With health care reform expected to run the government around $1.2 trillion, Congress is looking for ways to pay for it. A new idea bouncing around Capitol Hill is a soda tax, reports the Wall Street Journal. “Soda is clearly one of the most harmful products in the food supply, and it's something government should discourage the consumption of,” says a public interest advocate. More»

David Lazarus: It's time to stop the obesity epidemic

(NEWSER) - The obesity news just keeps getting worse, the latest example being the study warning that 4 in 10 American adults could be obese in less than 20 years. "Americans eat too damn much," writes David Lazarus in the Los Angeles Times . And though it may be distasteful to get government involved in our dinners, it's become necessary: It's clear that "millions of Americans can't be trusted to look after their own well-being," while everybody else gets stuck with their health bills. More»

But growth in obesity rate has slowed down significantly

(NEWSER) - The once-explosive growth in the proportion of Americans who are obese has slowed, but it's still expected to grow to 42% by 2030, according to the latest Centers for Disease Control study. The study found that if the obesity rate stays at the current level—34%—then some $550 billion in health care costs would be saved, reports the Washington Post . Earlier studies predicted that 51% of Americans would be obese by 2030, but no matter which is correct, "we still have a very serious problem," the head of the CDC's obesity program says. More»

Tax on soda will help state coffers, rising obesity

(NEWSER) - Two things in France keep getting bigger: the deficit and the nation's waistline . To fight both simultaneously, a new "cola tax" will go into effect on New Year's Day, reports Der Spiegel . The tax will be a little more than a penny per can on Coke and other soft drinks, and industry insiders warn the move could eventually result in a 35% increase in prices. The government expects the tax to bring in $156 million in extra revenue. Denmark and Hungary have launched similar "fat taxes" on a wider range of products. More»