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.
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:
In New York State alone...
A one cent tax on sugar-sweetened beverages would...
...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.
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.
PRESENTED BY SPARK
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