Senate leaders are considering new federal taxes on soda and other sugary drinks to help pay for an overhaul of the nation's health-care system.Instead of taxing soft drinks, why not reduce the corn subsidies and apply that savings to health-care? In so far as those subsidies reduce the cost of the corn syrup used in soft drinks, they underwrite the poor health decisions of soda-drinking Americans. Typical of our federal government, they want to both subsidize corn syrup and tax sodas because a bloated government always prefers two regulations to none.
Tuesday, May 12, 2009
WSJ has reported on a lefty proposal to tax soft drinks in an effort to fund health-care: