There will have to be a helluva lot more soda consumed to pay for Obamacare.
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 wants to enact this year. Early estimates put the cost of the plan at around $1.2 trillion. The administration has so far only earmarked funds for about half of that amount.
The Center for Science in the Public Interest, a Washington-based watchdog group that pressures food companies to make healthier products, plans to propose a federal excise tax on soda, certain fruit drinks, energy drinks, sports drinks and ready-to-drink teas. It would not include most diet beverages. Excise taxes are levied on goods and manufacturers typically pass them on to consumers.
Reducing consumption of sugary drinks will certainly help obesity and dental health. However, I really cannot foresee any beverage tax coming anywhere close to paying for ANY socialized universal health care system the way President Obama has envisioned.
To think so, is just plain stupid. But, you know bureaucrats and big government folks - like Nancy Pelosi, Harry Reid and Obama.
Pretty soon, the government will attempt to restrict the amount of calories an American can consume a day since everyone will be paying for government run health care. You know, less calories, more health, less death - more years to pay taxes to the state.
It is all good, right?
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