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How Does a Junk Food Tax Work?

How Does a Junk Food Tax Work?



Although 63% of American's polled said they were against a tax on junk food...



...some health experts are arguing that adding a tax to foods with high sugar content would improve health,reduce healthcare cost, and generate revenue.



BACKGROUND:



U.S. Consumer Spending on Fast Food



1972 $3 Billion

2012 $100 Billion



Diet-related Obesity,Diabetes, and Heart Disease Related Health Care Cost



Current Yearly Cost $150 Billion

2018 $344 Billion



One is every three children born since the year 2000 will develop diabetes in their lifetime.



POTENTIAL BENEFITS OF A TAX:

Improved Health



In New York State alone...



A one cent tax on sugar-sweetened beverages would...



...reduce consumption...



...preventing 37,000 cases of diabetes annually



Reduced Health Care Costs



As public health improves



...the amount of tax money we spend helping sick people goes down.



Fact: 30% of the increase in health care spending over the past 20 years could be attributed to the soaring rate of obesity.



Generating Revenue



A 10% tax on fattening foods... = Raise up to $530 billion over 10 years



Fact: These funds could be used to fund health improvement efforts or physical education programs.



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How Does a Junk Food Tax Work?

shared by SPARK_Programs on Apr 16, 2013 in Food

How Does a Junk Food Tax Work?

shared by SPARK_Programs on Apr 16, 2013 in Food

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Although 63 percent of Americans polled said they were against a tax on junk food, some health experts are arguing that adding a tax to foods with high sugar content would improve health, reduce healt...
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