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The Dramatic Impact of Philly’s Soda Tax: Thursday’s Tax Brief

March 23, 2017
A Coca-Cola bottle top by Jordan Whitfield, Raleigh, United States via Unsplash.

Philadelphia is raking in more money than expected from its 1.5-cent-per-ounce soda tax. The sugary beverage tax brought in $6.4 million in February, slightly more than January but on-target with projections. Meanwhile, soda manufacturers are downsizing their soda offerings as a response. The Philadelphia Inquirer reports that mini-cans and 1 liter bottles are now en vogue with manufacturers because they incur less tax. Pepsi said that its “larger…