Soda tax is tanking. What comes next?
PHILADELPHIA -- While the city government was preening over its victories in court, its tax on soda (actually about 4,000 beverages) is losing in the court of public consumption.
The sudden — no one expected this, right? — sales slump of items taxed up to the eyebrows has created a reversal of fortune for the city and for the pre-K that Mayor Kenney thinks “Big Soda” should pay for.
The numbers were a U-turn from a few months ago when the city reported $5.7 million from the tax in January, more than double the city’s projection of $2.3 million. It was all so exciting you could hear bureaucrats chirping like sparrows in Dilworth Park.
Sure, the projections were wrong, but because the tax was generating more than expected, it was party time.
Read more: http://www.philly.com/philly/news/politics/soda-tax-is-tanking-what-comes-next-20170616.html
