Coca-Cola Co. and PepsiCo Inc. are facing a wave of new soda taxes after four U.S. cities voted to pass the measures, part of an escalating war on sugary drinks.
Proposals to slap a 1-cent-per-ounce tax on sugar-sweetened beverages are poised to pass in the California cities of San Francisco, Oakland and Albany. In Boulder, Colorado, meanwhile, a 2-cents-per-ounce tax is leading. Cook County, which includes Chicago, also has a similar penny-per-ounce tax written into its proposed 2017 budget.
