Calif. Could Save $1B By Implementing Penny-Per-Ounce Tax on Sugary Drinks, UC-San Francisco Researchers Find
A penny-per-ounce tax on sugar-sweetened beverages could save California more than $1 billion by reducing rates of diabetes and coronary heart disease, according to a new study by UC-San Francisco researchers. Such a tax would add 12 cents to the cost of a can of soda, or 67 cents to a two-liter bottle. State Sen. Bill Monning (D-Carmel) is expected to reintroduce efforts to implement a penny-per-ounce sugary drink tax in California when the Legislature is back in session.
- "Study Shows Soda Tax Would Save Millions in Health Care Costs" (Hoppin, Santa Cruz Sentinel, 1/1).