Alcohol industry will get boost from Senate tax plan
By Matthew Kandrach, opinion contributor — 12/06/17 04:00 PM EST Americans are eagerly watching and hoping for final passage of comprehensive tax reform. It would be a huge win for Americans, providing an impressive income boost for the middle-class.
The Senate just passed their tax bill with an amendment that could also cut federal excise taxes on beer, wine and spirits, and result in an estimated $130 million in annual savings for brewers.
Currently, taxes on the beer industry are extremely high. In fact, 40 percent of what beer drinkers in America pay for a beer goes toward taxes. Savings from reduced federal excise taxes would help brewers reduce costs and create more jobs in the alcohol beverage industry, which already supports 4.6 million American workers.
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http://thehill.com/opinion/finance/363582-alcohol-industry-will-get-boost-from-senate-tax-plan
