Mayor Michael Bloomberg who uses his office to promote a healthier lifestyle for New Yorkers – urged Albany to tax sugary drinks by one cent for each ounce in his weekly radio address this morning.
He estimated a nearly $1 billion windfall from the tax, which Gov. Paterson considered in the past but dropped amid stiff opposition.
Bloomberg said the levy would help stave off childhood obesity, while raising money for education and Medicaid.
By making heavily sugared drinks just a little bit more expensive, we can make a major dent in obesity just as weve made a major dent in smoking by raising cigarette taxes, Bloomberg said in his prepared address.
He predicted the tax would reduce consumption of sugary beverages by 10 percent or more.
Source: NY Post