Sunday, March 26, 2017

A major company is pulling its products from Philly stores because of the city’s ‘soda tax’ – TheBlaze

A major company is pulling its products from Philly stores because of the city’s ‘soda tax’ – TheBlaze
"Regulating health, it turns out, comes with a cost. 
Image result for bu byePepsiCo is halting sales of its six-packs and two-liter bottles in Philadelphia, citing the city’s controversial “soda tax.”
In January, the city implemented its new soda tax, which added 1.5 cents per ounce
It should be noted, too, that the tax is imposed on all “sugary drinks,” and to include those that are artificially sweetened. 
Naturally, that cost is being passed to the consumers, though Democrats are accusing beverage companies of “gouging” their customers in hopes of frustrating them about the cost.
But the reality is, without increasing the sticker price, the company would have to swallow the cost. 
So instead of dealing with all this mess, Pepsi has just decided to cut its losses. 
“Because of the Philly beverage tax, people are buying far fewer taxed beverages, particularly those in larger package sizes because they now cost so much more,” Maria Koutsouradis, of Bell’s Market in Rhawnhurst, told WPVI-TV..."

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