Soft drink tax a smart proposal
The Oklahoma State Legislature has taken a step in the right direction by examining a proposed tax on all soft drink syrup sold in Oklahoma. The Legislature needs to examine more creative options to reduce next year's budget shortfalls.
House Bill 1332 would place a $2 tax on all soft drink syrup sold in the state. In effect, it would raise the price of a 16-ounce soft drink by 3 cents. The tax would produce $55 to $60 million in state revenues, however, Oklahoma is currently facing a budget shortfall of $600 million.
The soft drink tax is a creative way to address the state's economic problems, however, other proposals are needed. The state should also examine alcohol and cigarettes, as well as the possibility of increasing the current sales tax.
State Rep. Thad Balkman, R-Norman, has proposed an increase in the current fee to obtain a liquor license. The proposal would increase the current fee from $10 to $100. These taxes and others should be considered when addressing the state's budget problem.
No one wants to pay more for tuition, soft drinks or the opportunity to distribute alcoholic beverages. Unfortunately, something must be done to address the budget crisis Oklahoma currently faces.
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