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Title: House bill would make vodka, whiskey and rum cheaper
Source: The Hill
URL Source: http://thehill.com/regulation/24307 ... -vodka-whiskey-and-rum-cheaper
Published: May 28, 2015
Author: Lydia Wheeler
Post Date: 2015-05-28 15:48:13 by Hondo68
Keywords: None
Views: 457
Comments: 1


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House Republican Todd Young (Ind.) has introduced legislation to reduce the excise tax on vodka, rum, gin and whiskey.

Excise taxes are paid when purchases are made on a specific good and often included in the price of the product.

The Distillery Innovation and Excise Tax Reform Act unveiled Tuesday would drop the current tax rate for distilled spirits from $13.50 per proof gallon to $2.70 per proof gallon on the first 10,000 gallons of productions for all distillers and then $9 per proof gallon after that.

In a news release citing the Distilled Spirits Council and the American Craft Spirits Association, Young said more than half the purchase price of a bottle of spirits is used for taxes and fees, making it one of the most heavily taxed products in the country.

“All around southern Indiana, many new craft distilleries are popping up, creating jobs and adding to the tax base,” Young said. “But there’s a lot of red tape involved in getting a new distillery off the ground and this bill helps reduce that burden.”

Rep. John Yarmuth (D-Ky.) is co-sponsoring the legislation.

In a joint release, the Distilled Spirits Council (DISCUS) and the American Craft Spirits Association (ACSA) said the new rates in the proposed legisltion should apply to all distillers regardless of size and to imported spirits as well as domestic products.

ACSA President Tom Mooney from House Spirits in Portland, OR, said,

“This bill will help create jobs across America for the rapidly growing distilling industry,” ACSA President Tom Mooney, of House Spirits in Portland, Ore., said in a news release. “It will translate into real economic benefits and jobs for hundreds of small distillers and their surrounding communities.”


Poster Comment:

If Boehner can get the voters drunk enough, they might vote for Marco Rubio. Cheap booze, a clever campaign strategy?

Mucho Tequila! (2 images)

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#1. To: hondo68 (#0)

Finally, something that's likely to get Boehner down off his barstool to act on.

Hank Rearden  posted on  2015-05-30   15:09:42 ET  Reply   Trace   Private Reply  


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