A new study suggests that taxes on sugary beverages like soda can reduce demand and may improve public health. Research shows that sugary drinks have little nutritional value, and their consumption can increase the risk of diabetes, heart disease, and other chronic diseases. This has led to the introduction of beverage taxes in U.S. and European cities, leading to a significant decrease in sales. However, widespread adoption of these taxes has been elusive due to industry opposition. Proponents argue that such taxes are a form of appropriate regulation, and they call for federal excise tax to be effective at the national level.
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Can ‘Soda Taxes’ Improve Our Health?
