Category Archives: Taxes

How W.Va. Can Generate $3 Million More in Taxes: Cut Rate of Spirits-Based RtDs

Posted on July 25, 2022 by Joel Whitaker

Lowering the tax rate for spirits-based ready-to-drink cocktails could generate more than $3 million in additional revenue for government in West Vigina. That’s according to the Distilled Spirits Council of the U.S., who vp-state public policy, Andy Deloney, told the … Continue reading →

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Biden’s Budget Raises Corporate Taxes to 28%

Posted on March 28, 2022 by Joel Whitaker

The Biden Administration’s budget proposal for fiscal 2023 does not propose any changes in federal excise taxes on alcoholic beverages, but it does propose major changes in corporate, personal and estate taxes. The proposal essentially seeks to repeal the corporate … Continue reading →

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NY Times: Working Rich Will Pay for Biden’s Social Programs

Posted on November 1, 2021 by Joel Whitaker

The most striking thing about the tax provisions that made it into the framework President Biden announced on Thursday is how they preserve the ability of business owners to accumulate vast fortunes with minimal taxation — while extracting more money … Continue reading →

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House Dems Eye 26.5% Corporate Tax Rate, 3-Point Surcharge on Individual Income About $5 Million

Posted on September 12, 2021 by Joel Whitaker

That’s being reported by The Wall Street Journal. House Democrats are seeking to raise $3.5 billion to pay for a variety of spending plans.

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NJ Senate Panel Backs Equalizing Tax for Spirits- and Malt-Based RTDs

Posted on June 17, 2021 by Joel Whitaker

It doesn’t seem fair.  Spirits-based ready-to-drink products are taxed in New Jersey at a rate 46 times that of malt-based RTDs.  Yesterday (6/17), the New Jersey Senate Budget & Appropriatons Committee overwhelmingly passed SB 3452, legislation to equalize the tax … Continue reading →

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Maryland County to Waive Liquor License Fees

Posted on March 18, 2021 by Joel Whitaker

Baltimore County, Md., said it is waiving liquor license fees for 356 restaurants, 92 clubs and 149 taverns in the county.  The waiver is conditioned upon the licensee following all Baltimore County’s COVID-19 safety regulations. “Our bars and restaurants add to … Continue reading →

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