Tax on Soft Drinks

Cott's Stock Price closed at $5.44 on June 12, 2009.

Down $.30 from the previous day and down only $.11 from the first day of class, May 27, 2009.

Will a potential tax on soft drinks hurt the Cott Corporation?

The tax will help pay for the proposed universal health care plan. Many health advocates are hoping that the tax will also help fight obesity across the United States.

Here is a link to an article that believes the tax will be helpful to many Americans: http://www.cbpp.org/cms/index.cfm?fa=view&id=2830

Here is a link to an article for those that are opposed to the tax:
http://www.komonews.com/news/business/46821527.html

As this above article indicates the soft drink companies and the American Beverage Association do not want the tax.

I believe the tax will probably hit the poor families the most up front, however, they will be the ones that will benefit since it will be going to a health care program that many poor families need. The tax too will raise an immense amount of money for this health care program. I also believe that it will help combat the overwhelming rise of obesity in our country.