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Federal Excise Tax on Soda in the Works
May 14, 2009
1 Min Read
WASHINGTONThe Wall Street Journal is reporting that the Center for Science in the Public Interest is planning 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. While lawmakers have not put a number of the size of the tax, the Congressional Budget Office estimates that a 3-cent tax per 12-ounce serving would generate $24 billion over the next four years.
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