taxes

More Soda Tax Success: Study Finds Mexico’s Tax Reduced Sugary Beverage Buys Two Years in A Row

Kim Krisberg
Science Blogs / The Pump Handle
This study isn’t the only one to show the positive impacts of sugary beverage taxes. This study on Berkeley’s soda tax found a whopping 21 percent decrease in sugary beverage consumption. At Harvard, researchers predicted that Philadelphia’s sugary beverage tax, which went into effect this year, could prevent 36,000 cases of obesity over 10 years, prevent more than 2,000 cases of diabetes in the first year after the tax reaches its full effect, and save $200 million.

Profitable Companies, No Taxes: Here’s How They Did It

Patricia Cohen
New York Times
Among the report’s key findings: 100 companies enjoyed at least one year in which their federal income tax was zero or less, 24 companies paid zero taxes in four out of eight years, 18 companies paid no federal income tax over the eight-year period, Collectively, the 258 corporations enjoyed $513 billion in tax breaks over the last eight years. More than half of those tax breaks, $277 billion, went to just 25 of the most profitable corporations.

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