WASHINGTON -- While Democrats await the results of bipartisan negotiations over health care reform in the Senate Finance Committee, one of the proposals put before the committee received a nod of approval from health officials today: taxing soda. The committee—the last congressional panel expected to produce its own recommendations for health care reform—listened to arguments earlier this year both for and against imposing a three-cent tax on sodas as well as other sugary drinks, including energy and sports drinks, reported CBS News.
The Congressional Budget Office (CBO) estimates that a three-cent tax would generate $24 billion over the next four years, according to the news outlet, and proponents of the tax argued before the committee that it would lower consumption of sugary drinks and improve Americans' overall health.
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