Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Democratic Mayor Touts Soda Tax Success After Sales Plummet 50 Percent
Daily caller ^ | February 25, 2017 | Steve Birr

Posted on 02/25/2017 2:56:29 PM PST by lowbridge

The Democratic mayor of Philadelphia is touting the success of the city’s beverage tax and lashing out at the “greed” of retailers as sales crater by as much as 50 percent.

City officials say the unpopular soda tax is already exceeding expectations, raking in $5.7 million in revenue in January. The revenue is more than double what officials estimated, which goes towards early childhood education programs in the city. Despite the supposed success of the policy, sales among retailers are getting crushed. Stores are reporting beverage sales down 30 to 50 percent and are planning layoffs to cope with the costs, reports CBS News.

The announcements from multiple stores of impending layoffs is provoking the ire of Mayor Jim Kenney, who appears confused why businesses are not choosing to eat the added costs. Kenney views product price hikes and layoffs due to the tax as a choice by businesses to punish the city and its residents for the policy.

“I didn’t think it was possible for the soda industry to be any greedier,” Kenney told Philly.com Tuesday. “They are so committed to stopping this tax from spreading to other cities, that they are not only passing the tax they should be paying onto their customer, they are actually willing to threaten working men and women’s jobs rather than marginally reduce their seven figure bonuses.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy; News/Current Events; US: Pennsylvania
KEYWORDS: philadelphia; tax
Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last

1 posted on 02/25/2017 2:56:29 PM PST by lowbridge
[ Post Reply | Private Reply | View Replies]

To: lowbridge
Kenney views product price hikes and layoffs due to the tax as a choice by businesses to punish the city and its residents for the policy.

Ah, the Venezuela "solution."

2 posted on 02/25/2017 2:58:50 PM PST by Extremely Extreme Extremist (STOP THE TAPE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

The absolutely SHOULD pass on the tax to the consumer.

Democrats are such twits....


3 posted on 02/25/2017 3:00:06 PM PST by Rurudyne (Standup Philosopher)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Given the fact that every tax is a means to exert control over the people (not to merely raise revenue), I’d say this was an unqualified success for the fascists. Hope they enjoy every little victory they can get, because a new Sheriff is in town in DC.


4 posted on 02/25/2017 3:00:24 PM PST by scottinoc ("DC is too small to be a state but too large to be an asylum for the mentally deranged"-Anne Gorsuch)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Kewel, Idiot Savant.

You can play with Rainman every Tuesday....


5 posted on 02/25/2017 3:01:32 PM PST by Vendome (I've Gotta Be Me - https://www.youtube.com/watch?v=wH-pk2vZG2M)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

6 posted on 02/25/2017 3:03:23 PM PST by facedown (Armed in the Heartland)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

It’s declared successful because the subversives want to destroy the business.


7 posted on 02/25/2017 3:04:18 PM PST by WKUHilltopper (WKU 2016 Boca Raton Bowl Champions)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Does this idiot mayor actually think that Apu , who runs the local Kwik-e-Mart is making “seven figure bonuses”?”


8 posted on 02/25/2017 3:04:50 PM PST by digger48
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge
passing the tax they should be paying onto their customer

So the mayor is glad that soda sales are down, but is upset that the tax is being passed on the customers. Apparently, the major is so dumb that he doesn't know that it's precisely because the tax is being passed on to the customers that sales are down.

9 posted on 02/25/2017 3:06:00 PM PST by grundle
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Grocery stores are one of the lower profit industries, their profit margin is around 5%. Of course they will have to lay off people if their business goes down.


10 posted on 02/25/2017 3:10:14 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge
I didn’t think it was possible for the soda industry to be any greedier
Democrats, calling others greedy for their greed and tax increases.
11 posted on 02/25/2017 3:14:42 PM PST by Trillian
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Mayor Kenney seems confused.

Is the purpose of the soda tax to raise revenue or to reduce consumption of sugary sodas?

If it is the latter, the businesses should pass on the tax to increase the price to the consumer and reduce consumption.

Mayor Kenney is engaging in doublethink. Maybe two minutes of hate will help him cope.


12 posted on 02/25/2017 3:15:46 PM PST by joshua c (Cut the cord! Don't pay for the rope they hang you with.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vince Ferrer

Grocery stores and department stores have not been doing well recently. They have had to replace full time employees with part-time, and sales have dropped for the major department store chains. For the vast majority of the items sold, the grocery store profits a few cents given all the costs for operation and employee benefits.


13 posted on 02/25/2017 3:17:59 PM PST by Morpheus2009
[ Post Reply | Private Reply | To 10 | View Replies]

To: lowbridge

The initial numbers were 2.5 I think so they went back and changed the numbers.


14 posted on 02/25/2017 3:28:49 PM PST by kvanbrunt2 (all your base are belong to us)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

So this asshat thinks corporations are to absorb taxes passed on their products by whatever whim democrats impose. Once corporations are no longer viable because of this whimsical imposition of taxes just where do these intellectual giants propose they get their revenue?


15 posted on 02/25/2017 3:33:53 PM PST by VTenigma (The Democrat party is the party of the mathematically challenged)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge
“I didn’t think it was possible for the soda industry to be any greedier,” Kenney told Philly.com Tuesday. “They are so committed to stopping this tax from spreading to other cities, that they are not only passing the tax they should be paying onto their customer, they are actually willing to threaten working men and women’s jobs rather than marginally reduce their seven figure bonuses.

What an arrogant fascist prick.

16 posted on 02/25/2017 3:34:06 PM PST by VeniVidiVici
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Dam greedy merchanto... passing their coutstanding on to their customers.


17 posted on 02/25/2017 3:34:33 PM PST by TexasGator
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

In a stunning coincidence, soda sales are booming just outside the city limits.


18 posted on 02/25/2017 3:36:29 PM PST by Joe 6-pack (Qui me amat, amat et canem meum.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge
As long as all the "right people" feel good your being unemployed makes no difference at all.

To the the democrat fascists who represent the oligarchs those who isn't in their clique are just sheep for them to do with as they will. Which, oddly enough, is exactly what the the Shah of Iran called the people of Iran, his sheep.

19 posted on 02/25/2017 3:36:31 PM PST by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Joe 6-pack

Yep, and we all know what that means...


20 posted on 02/25/2017 3:37:07 PM PST by Morpheus2009
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson