Sep 16, 2009

Soda Tax


The head of Coca-Cola came out swinging against the proposals to impose special taxes on soft drinks:

Sept. 14 (Bloomberg) — Coca-Cola Co. Chairman and Chief Executive Officer Muhtar Kent said the idea of a federal tax on soft drinks, under consideration by the U.S. Congress and President Barack Obama, is “outrageous.”
“I have never seen it work where a government tells people what to eat and what to drink,” Kent said today, responding to an audience question at the Rotary Club of Atlanta. “If it worked, the Soviet Union would still be around.

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