Could a beverage tax increase damage New York’s economy?
A. A tax increase could do serious damage to our already fragile economy. The beverage industry supports well over 150,000 jobs in New York communities large and small, providing a direct economic benefit to the state economy of nearly $7 billion and an indirect benefit of $25 billion. A tax hike on beverages would put at risk good-paying jobs with good health benefits for many hard-working New Yorkers – hitting them in both their checkbook and their paycheck.
