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U.S. Beverage Industry Battles Proposed Tax On Sugared Drinks

July 27, 2009: 11:21 AM EST
The US beverage industry is none too happy with a proposal lurking largely unnoticed in healthcare legislation floating around Washington these days. The idea would be to slap a tax on sugary sodas and juices as a way to battle the epidemic of obesity in the country – and raise $140 billion in the process. The scheme is one of several proposals targeting obesity included in the various reform bills being debated. But, says an industry TV ad, "This is no time for Congress to be adding taxes on the simple pleasures we all enjoy like juice drinks and soda."
Nancy Cordes, "Tax Sugary Sodas to Combat Obesity?", CBS News, July 27, 2009, © CBS Interactive Inc
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