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Fast Food Tax - Politics, Business, Civil, History - Posted: 10th May, 2005 - 10:49am
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Fast Food Tax
The Mayor of Detroit is considering implementing a 'Fast Food Tax' that would help alleviate the burden of the city's $300 million US budget deficit. The tax would be 2% and bring in about $17 million a year, which doesn't sound like much, but is better than nothing. Here is the scoop on the story from MSNBC.com:
https://msnbc.msn.com/id/7781812/
| QUOTE |
| Faced with a $300 million budget hole, Mayor Kwame Kilpatrick is hoping people in this already heavily taxed city won't mind forking over a few extra cents for their Big Macs and Whoppers. Kilpatrick wants to ask Detroit voters to approve a 2 percent fast-food tax - on top of the 6 percent state sales tax on restaurant meals. The mayor says consumers will barely notice the extra cents at the cash register, but critics say the tax would unfairly burden the poor and hamper economic development. |
For the sake of argument, do you agree with such a tax, or do you think it will unfairly burden those who use fast food as a cheap source of food? Is $17 million a year in a $300 million deficit city worth implementing such a tax? Will it hurt fast food giants in that city and is it unfair that only those restaurants in Detroit are being targeted?
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Tax Food Fast
Th ar considering a fast food tax here in New Zealand and the same argument was given that the poor would be hit hard. Now all the fast food chains have substitute healthy items for example Mcdonald's now sells smoked chicken salads, water bottles and sliced fruit to substitute fizzy (soda) drinks and french fries. They now sell deli rolls.
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TOPIC: Fast Food Tax