Arkansas Soda Tax
The Arkansas soda tax of 1992 levied a two cents per 12oz of soda excise tax, with all the proceeds going towards the state Medicaid fund. It is still in place today.
Cry Wolf Quotes
[Back Yard Burgers] knew about the [Arkansas soda] tax when it made the move, but it wasn't much of a concern. "It really didn't enter into it at all," King says.
-
Stephen J. King, Back Yard Burgers' chief financial officer
The tax took away our ability to accumulate funds to replace assets. We were strapped for cash flow.
-
Tommy Lawrence, former president of Coca-Cola of Northeast Arkansas. Arkansas Business.
We just feel that it is really an unnecessary tax. There may have been some problems in Medicaid, but we point to the large amounts of fraud.
-
Jonathan Askins, the press secretary for Citizens Against Unfair Taxes (CAUT). Arkansas Business.
We're funding a program that has a lot of merit. But if it's so important, then everyone should be taxed, not just us.
-
Wayne Dyer, executive director of the Arkansas Hospitality Association. Arkansas Democrat-Gazette.
