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Thursday, May 16, 2013

The deadly consequences of a cut in the beer tax

It’s not every day that a bill dealing with taxes is introduced with as many Republicans on board as Democrats. But the Brewers Excise and Economic Relief Act of 2013 (or BEER Act for short) qualifies. Co-sponsored by Reps. Tom Latham (R-Iowa) and Ron Kind (D-Wis.), the act would halve the excise tax on beer, currently set at $18 a barrel, taking rates back to where they were in 1990, before the last increase in the tax took effect.  > > > >  Read More