Friday, November 30, 2012

Obama’s 2009 stimulus chief says taxes and rules on junk food are coming

Larry Summers, chair of the White House National Economic Council when the 2009 stimulus was developed, suggested that President Obama will eventually tax and regulate junk food to drive people to eat more healthily — although he dinged First Lady Michelle Obama’s healthy foods initiative.
“I think there is no question that the way Americans eat and what Americans weigh is a big contributor to health problems and it’s a big contributor to health costs,” Summers said on Morning Joe today.It’s not the agenda now, but I think at some point you’re going to see tax measures and regulatory measures that are going to be directed at helping people be healthier. That’s just going to happen and I think it’s probably a good thing when it does.”

Read more: http://washingtonexaminer.com/obamas-2009-stimulus-chief-says-taxes-and-rules-on-junk-food-are-coming/article/2514572#.ULiZ14VTMfp

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