Category Archives: Taxes
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
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
All income groups on average would see their taxes go down under Senate Republicans’ tax bill, according to Congress’s tax scorekeeper.
There’s a chance that – for the first time since the Civil War – excise taxes may be reduced, thanks to the Craft Beverage Modernization Act. To help move from” chance” to “certainty,” Distilled Spirits Council members will call their … Continue reading