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#FARMERS KEEPING AN EYE ON THE SODA TAX

Cook County’s ‘soda tax,’ which tags drinks sweetened with high fructose corn syrup and other sweeteners with a penny-per-ounce tax, could take a bite out of farmers’ already tight profit margins if demand for the product dries up. “Corn syrup is a component of what drives the demand for corn, so farmers have a stake in it,” said Mike Doherty, senior economist, IFB. “The concern would be these taxes would be replicated in other large metro areas and would become a part of coast-to-coast taxation.” (Illinois News Network)

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