Team Biden reportedly has big soda tax on tap to help pay for leftist wishlist
Joe Biden has already promised to be America’s first emotional support president.
And it seems the presumed next chief executive, who pledges to expand and empower the nanny state like few before him, already has Mrs. Doubtfire ready to oversee the federal budget.
On Tuesday, the fiscal bird dogs at Americans for Tax Reform noted that Neera Tanden, Biden’s choice to run the Office of Management and Budget, wants to siphon some of your cash as you drain the soda aisle at your favorite store.
According to ATR, Tanden, when she’s not busy deleting old tweets of GOP senators whose votes she needs to get the job, would prioritize a national tax on soda.
In May 2019 Tanden, who runs the left-wing Center for American Progress, endorsed the “Medicare for America Act,” a Democratic scheme to inch us closer to the Utopia of universal healthcare coverage. Ostensibly, the measure would allow Americans to retain private insurance – where have we heard that before? – but would bring everyone else under the government’s healthcare umbrella.
To help pay for this financial monstrosity, the bill Tanden supports would impose a one-cent tax for each 4.2 grams of caloric sweetener in sugary drinks, ATR reports. The group points out that CAP also has floated a version of a universal healthcare plan funded with “public health excise taxes,” including a whopping one-cent per ounce tax of sugar-laced drinks.
ATR notes, “If one of these sugary drink taxes were imposed, it could result in a 55 to 67 cent tax on a 2-liter bottle of Coca-Cola. A single 2 liter bottle of Coca-Cola costs anywhere from $1.25 to $1.70, so this tax could total 50 percent of the cost of the product. With the Tanden soda tax burden, the cost of a 12-pack of soda could increase by $1.11 to $1.44.”
The soda tax endorsed by Joe Biden’s Office of Management and Budget pick would violate Biden’s pledge to not raise a single penny of any tax on any American making less than $400,000 per year. https://t.co/RWiFaS62gS
— ATR (@taxreformer) December 3, 2020
Presumably, consumers of non-soda products, like energy drinks, would also get zapped since those, too, are loaded with sugar.
Perhaps one way to skirt these taxes would be to slurp more sugar-free drinks – like beer, which we’ll obviously need in mass quantities to cope with all the brainy ideas Team Biden has for separating us from our cash and our freedom.
But of course, as ATR shares, this Bloombergian nonsense would hit the poor the worst. “A tax on sugary drinks would also be extremely regressive and disproportionately harm low-income Americans,” the group observes. “In fact, according to a 2018 report from the Tax Foundation, 47 percent of the tax collections from a sugary drink excise tax would come from households with income under $50,000.”
A soda tax is an idea so bad that even Bernie Sanders, who never saw a tax he didn’t like, denounced it as inimical to the poor when Hillary Clinton proposed it in 2016.
“Needless to stay,” ATR observes, “this tax would violate Biden’s pledge to not raise a single penny of any tax on any American making less than $400,000 per year.”
Democrats seem to never run short of ways to meddle in the private lives of Americans, and claptrap about improving “public health” by taxing sugar out the wazoo from the party of abortion and legalized drugs is indeed rich in irony.
But on this one front, if Biden gets his way, the desire for a Big Gulp could take a collective big gulp out of our wallets.