Michael Bloomberg wasted $10 million trying to convince Chicago-area Cook County to keep its soda tax

Residents of Cook County, Ill., which encompasses Chicago are celebrating a much-needed win for consumer freedom on Wednesday, with the Board of Commissioners opting to repeal the wildly-unpopular sweetened beverage tax in a landslide vote of 15-2. Despite a $10 million dollar ad campaign supporting the tax, funded by the nation's wealthiest nanny, former New York City Mayor Michael Bloomberg, it was beaten back after numerous complaints from consumers, small businesses, and the soda industry. -- More...