Former Enron Executive Spent $500,000 to Defend Philadelphia’s Controversial Soda Tax Former Enron Executive Spent $500,000 to Defend Philadelphia’s Controversial Soda Tax – NTK Network

Former Enron Executive Spent $500,000 to Defend Philadelphia’s Controversial Soda Tax

The Laura and John Arnold Foundation donated $500,000 to the city of Philadelphia to help offset the cost of hiring outside counsel for the litigation.

By NTK Staff | 07.23.2018 @6:30pm
Former Enron Executive Spent $500,000 to Defend Philadelphia’s Controversial Soda Tax

The Pennsylvania Supreme Court upheld Philadelphia’s controversial tax on soda and other sweetened beverages on Wednesday, with the help of a $500,000 donation from former Enron executive John Arnold’s family foundation.

According to the Tribune News Service:

“In a 4-2 majority opinion, the court found that the city had not violated state law by taxing the distribution of beverages. Opponents of the tax had argued that the levy amounted to double taxation because it is passed down to consumers who already pay sales tax on the items.”

“The ruling provided a more secure future for the 1.5-cent-per-ounce tax that funds pre-K, community schools, and improvements to parks, libraries, and recreation centers, and ended a case that had been closely watched since Philadelphia became the first big U.S. city to pass a tax on soda and sweetened beverages in 2016.”

The Laura and John Arnold Foundation donated $500,000 to the city of Philadelphia to help offset the cost of hiring outside counsel for the litigation.

John Arnold is a former Enron trader who made billions as hedge fund manager, and who has specialized in natural gas since Enron collapsed.

The Arnold Foundation has teamed up with former New York City Mayor Michael Bloomberg in attempting to impose controversial soda taxes in more municipalities.

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