Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs

Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs:

Two months into Philadelphia’s soda tax, supermarkets and distributors are reporting a 30% to 50% plunge in beverage sales, preparing for a legal fight with city hall, and are planning for mass layoffs.

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