David Ketchen, professor in the Raymond J. Harbert College of Business at Auburn University, in an opinion published on the US media outlet The Hill, reports on a new study from the University of Berkeley and others to introduce a national tax on sugar-sweetened beverages, referring to the tax in Philadelphia as an example to follow.
Ketchen underlines that in this particular case, revenues generated “fell far short of projections”, resulted in “higher prices for consumers, job losses, lower sales”. He also underlines that only taxing SSBs is an illogical measure.
He concludes that “there is no reason to believe a federal-level effort would fare any better”.
The full article is available here: https://thehill.com/opinion/finance/446939-a-national-soda-tax-is-a-bad-idea-that-deserves-to-fizzle-out