In the News
The Daily Caller- January 3, 2017
Massive New Soda Tax In Philly Is Leaving Residents In Shock
Soft drink shoppers are experiencing “sticker shock” at steep price hikes on their favorite products after a massive soda tax went into effect in Philadelphia Sunday.
The contentious soda tax secured passage in June but consumers in Philadelphia are still flabbergasted by the price increases the tax is sparking. In some cases, shoppers found that they were paying more for the soda tax than the actual product they were purchasing. The 1.5 cents per ounce tax on sugary drinks is implemented at the distribution level, meaning retailers must choose how much of the cost to pass onto consumers at the shelves. A 12-pack of Lipton Diet Green Tea at a Save-A-Lot in the city is now priced at $8.03, instead the $4.99 it costed in December, reports WPVI.
The revenue from the tax will go to a pre-K program spearheaded by Philadelphia Mayor Jim Kenney.
“The businesses take a hit with profits, and the customers take a hit with their payment, and it’s kind of a lose-lose in Philadelphia right now with this tax,” Mike Maziarz, of Franzones pizzeria, told WPVI.
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