Monday, May 18, 2009

Senate proposes alcohol, soda tax to fund Health care plan
By CARRIE BUDOFF BROWN 5/18/09

Smokers and diet-soda drinkers would escape higher taxes under a new proposal for how to pay for President Barack Obama’s sweeping health reform overhaul. But if you drink alcohol or sugary drinks, you might have to pay up under a plan released Monday by the Senate Finance Committee.

The committee proposed slapping an excise tax on “sugar-sweetened beverages” for the first time, and imposing a uniform tax across wine, beer and liquor, which are currently taxed a different levels.

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