We’ve all heard the term “penny-wise and pound-foolish.” However, according to findings from a new study in the journal Health Affairs, this cliché doesn’t hold true when it comes to proposed surcharges on soft drinks and other sugar-sweetened beverages, as the study’s authors conclude that a nationwide penny-per-drink soda tax would reduce consumption of sugary drinks by 15%.

The study, detailed in a blog post from California-based media group KQED, shows that the modest one-cent tax (which adds up when you consider the 13.8 billion gallons annually Americans drink in sugar-sweetened beverages) would help reduce the incidence of diabetes, heart disease and stroke.

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