NEW YORK ( TheStreet) -- "Soda tax" is a trending search topic on the Internet following the news that Republicans in Colorado are planning to repeal a sales tax on soft drinks before a House committee Wednesday.

A 2.9% sales tax on sodas, such as Coca-Cola ( KO - Get Report) and Pepsi ( PEP - Get Report) beverages, was introduced to Colorado in March 2010 as a measure to help with the state's budget crunch as well as combat the rising obesity rate.

Representative David Balmer of Centennial argued that certain diet sodas could be a healthier option for consumers over some "sugary juices and sports drinks" on the market.

"I don't believe the Legislature should be singling out certain beverages and taxing them," Balmer said.


"iPad 2 launch" and "MacBook Pro" are hot search topics following reports that Apple ( AAPL - Get Report) is preparing to unveil new editions of its popular gadgets in the coming weeks.

The iPad 2 could hit the market as soon as March 2, Kara Swisher at The Wall Street Journal reports, citing several sources familiar the matter.

"Analysts expect the iPad 2 to be thinner than its predecessor and feature an improved display," Swisher said on the All Things Digital blog, "as well as front-facing camera and Facetime video chat support."

Rumors and reports also claim Apple is set to release five new MacBook Pro models, possibly as soon as Thursday. With the exception of the redesigned MacBook Air, Apple hasn't updated its MacBook Pro lineup since April 2010.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

--Written by Theresa McCabe in Boston.

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