Wednesday, January 11, 2017

Philly soda tax update

Remember this story about how Philadelphia raised the soda tax so that it almost equals the cost of the product itself?  The mayor is outraged that businesses are passing the cost on to customers.  Hit and Run: "Philly Mayor Blames ‘Price Gouging’ for Outrage Generated by City’s New Soda Tax - Businesses are passing along the cost of the tax to consumers, because that's how taxes work. Someone get Jim Kenney an economics textbook."

No comments: