Your Favorite Distilled Beverage May Get a Little Cheaper

Published in Economic Liberty - 3 mins - May 30
Your Favorite Distilled Beverage May Get a Little Cheaper
This article was featured in our weekly newsletter, the Liberator Online. To receive it in your inbox, sign up here. A bipartisan bill was introduced recently that would lower the per gallon excise tax on distilled drinks, including whiskey and rum. The Distillery Innovation and Excise Tax Reform Act, introduced by Rep. Todd Young (R-Ind.), would relieve distilleries, especially newer ones, of some of the burdens they face when bringing products to market. Currently, distilled drinks are taxed at $13.50 per proof gallon. Young’s bill seeks to lower the tax to $2.70 per proof gallon on the first 100,000 gallons produced by a distillery and $9 per proof thereafter.

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