The city of Chicago is considering a lucrative tax on soda, Fox Chicago reports:
On Tuesday, the Chicago City Council is hearing arguments over a proposed tax on sugary drinks.
Ald. George Cardenas (12th) wants Chicago to charge a 15- to 35-cent tax on drinks to reduce consumption and lower obesity rates. [...]
The Yale Rudd Center for Food, Policy and Obesity has a calculator where cities can learn how many gallons of sugar-sweetened beverages are consumed by residents, and how much a tax would generate. Their calculations find that a 1 cent per ounce tax in Chicago could bring in $129 million/year.