Category Archives: Tax Reform

WSWA Warns on Proposed Limitation of 199A Tax Deduction

Posted on September 21, 2021 by Joel Whitaker

President Biden’s proposed $3.5 trillion tax package to pay for his “human capital” infrastructure plan is raising concerns by members of Wine & Spirits Wholesalers of America which warns limiting or repealing the Sec. 199A deduction “would significantly hamper their ability … Continue reading →

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Congress Aids Restaurants, Restores Full Meals Deduction

Posted on December 21, 2020 by Joel Whitaker

The final vote hasn’t happened yet, but Congress has agreed to include the Meals Deduction in the Covid relief bill it is currently debating. In a statement, Michael Bilello, senior vp, Wine & Spirits Wholesalers of America, called the action “a … Continue reading →

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10,000 Craft Spirits Workers Face Loss of Jobs in Tax Relief Isn’t Extended

Posted on November 18, 2020 by Joel Whitaker

Nearly 10,000 craft distiller employees will lose their jobs if the Craft Beverage Modernization and Tax Reform Act (CBMTRA) isn’t passed.  Failure to renew the lower tax rates included in the measue will also result in a 40% reduction in … Continue reading →

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Glass Fire Destroys Chateau Boswell Winery in St. Helena

Posted on September 28, 2020 by Joel Whitaker

While those of us in the Bos-Wash corridor are agog over the New York Times story about President Trump’s tax returns, a true disaster is occurring in California wine country. For what may be the first time, a fire, the “Glass … Continue reading →

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Congress Acted in Haste, Now Wineries Can Repent at Leisure

Posted on May 16, 2018 by Donna Whitaker

You may recall that the tax bill was rushed through last year, and even President Trump condemned the fact that the bill was voted on

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Southern Grace Credits Tax Reform for Expanded Production

Posted on April 27, 2018 by Donna Whitaker

Southern Grace Distilleries, Inc., Mount Pleasant, N.C., has expanded whiskey production, hired new staff and added an

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