One Man’s Plan to Revive a Struggling Nation: Drop the Price of Booze
From Bloomberg’s editorial section comes this plea to support a push to roll back outdated excise taxes on small breweries by as much as 50 percent, which would presumablymake agrowler of that local IPA you fancy so much a bit easier on the wallet.
The push for changes in the tax code is being led by the Brewers Association and a group of brewers and brewery employees…The bills would update the tax code, which was written long before the popularization of craft beer. Small brewers with annual production of as much as 60,000 barrels would have their tax rate cut by 50 percent to $3.50 a barrel, while bigger brewers making as many as 2 million barrels would have their taxes lowered by $2 to $16 a barrel.
The idea is that since most small breweries are home-grown success stories, reducing excise taxes would allow producers to add jobs and increase production, which would lead to expansion, which would in turn lead to increased work for the construction industries, which would in turn lead to increased sales of metal lunchboxes, Carharts and Lucky Strikes, thereby leading America out of its recession.Its Economics 101.
