Junk Food Tax Endorsed by the Institute of Medicine of the National Academies
The notion of a junk food tax being bandied around several states, including New York, got a shot in the arm this week, when the Institute of Medicine of the National Academies recommended that a tax on sodas could help curb childhood obesity. Experts say that a 10 percent increase in the price of a sugar-sweetened beverage could reduce consumption by 8 to 10 percent.
Would an extra cost of 10 or 20 cents make you stop drinking soda? And should the tax apply to diet soft drinks?