H.R. 5279 would impose a 1-cent tax on each teaspoon of sugar in (most) sweetened beverages.
That would mean roughly 10 cents for a 12-ounce can of soda and 16 cents for a 20-ounce bottle. Known as the Sugar-Sweetened Beverages Tax Act of 2014 or SWEET Act, this bill would levy a federal excise tax on manufacturers, producers and importers of sugary beverages.
The bill assumes that the tax would be passed along to consumers, causing them to ultimately drink less sugar. It exempts milk, soy and rice beverages as well as 100% fruit and vegetable juices.
Revenue raised from the tax — estimated at up to $10 billion annually — would go to the Prevention and Public Health Fund, which was created by the Affordable Care Act. There, the funds would be used to prevent, treat and research diet-related health conditions in low-income, minority and youth populations.