Category Archives: Tax Reform
The measure, which now goes to a House-Senate conference committee, provides a 50% reduction in federal excise tax on domestic brewers and distillers who produce less than 60,000 barrels a year. Larger suppliers also get the reduced rate on their
In a letter to the top members of the House Ways & Means Committee and the Senate Finance Committee, the Beer Institute, Brewers Association, Wine Institute, Wine America, Distilled Spirits Council and American Craft Spirits Association urged the Craft Beverage … Continue reading
Late last night, the Senate Finance Committee passed the Tax Cuts and Jobs Act, which includes significant reductions in the federal excise tax on beer, wine and spirits for two years.
The House of Representatives passed a far-reaching overhaul of the U.S. tax code, reducing the corporate tax rate to its lowest point since 1939 and cutting individual taxes for most households next year.
With the House having completed its tax reform bill, attention is shifting to the Senate, and Wine & Spirits Wholesalers of America praised the Senate measure, saying it “will benefit
As we went to press, the House was in the midst of a four-hour debate on the Republican tax bill. Meanwhile, across the Capitol in the Senate, Sen. Rob Portman (R-Ohio) succeeded in inserting the