Coke Wars!

By Josh Lipton  NOV 06, 2009 10:00 AM

How would a soda tax affect companies' and consumers' bottom lines?


For the second time this year, New York Governor David Paterson proposed a tax on non-diet soft drinks to help the state close its $3 billion budget gap.

In addition to raising much needed funds, the tax has the support of health advocates who believe fewer people will consume the sugary drinks if prices go up.

On the other hand, companies like Coca-Cola (KO) and Pepsi (PEP) reject the claim that soda is to blame for obesity, and argue that it’s unfair to single out soda.

But what do New Yorkers think?

Join Josh Lipton for a closer look.

Register For Minyanville's Holiday Festivus '09 Here
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.