From Vending Market Watch – Chicago, IL: Proposed Soda Tax Loses Traction At City Council Hearing
A proposed penny-per-ounce sugary beverage tax in Chicago, IL, failed to gain traction at a city council hearing earlier this week, according to the Chicago Tribune. The tax would apply to beverages with at least 5 grams of sugar per 12 ounces and could raise an estimated $134 million for the city.
The tax has not been called for a vote. Alderman George Cardenas had pushed the tax after Mayor Rahm Emanuel asked for ideas to generate more revenue.