Soda Industry Says Philadelphia's Sweet Drinks Tax Is Costing Jobs

The soda industry, which includes such heavyweight names as Coca-Cola (KO) and PepsiCo  (PEP)  , is claiming that Philadelphia's tax on sweetened drinks is costing jobs.

Philly's 1.5 cent per ounce tax went into effect just about two months ago and the funds are supposed to be going to help education. However, one Canada Dry distribution center said all it has done is forced a job cut, CBS reports.

"We had to lay off about 30 positions simply because the business is down as much as it is in the city of Philadelphia," the center's president, Bob Brockway, told CBS.

Before the soda tax a typical 12-pack of soda cans cost a consumer $5.58, after the tax the price jumped to $7.74.

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