New High-Level Report Calls for Higher Taxes on Tobacco, Alcohol, and Sugary Beverages to Prevent Millions of Deaths
The Task Force on Fiscal Policy for Health, co-chaired by Michael Bloomberg and Lawrence Summers just launched a report calling on governments to substantially raise taxes on tobacco, alcohol, and sugary beverages. Such policies could avert an estimated 50 million premature deaths while raising $20 trillion of new revenues. This isn’t particularly new news to the global health community which has been pushing for increased taxes to reduce consumption of products which are toxic to health. But it IS news that this Task Force has issued such a strong report for at least two reasons.