The Distilled Spirits Council today issued the following statement from Council President & CEO Kraig R. Naasz on Senate passage of tax reform.
“The Distilled Spirits Council commends Senate Majority Leader Mitch McConnell, Finance Committee Chairman Orrin Hatch and their colleagues for their efforts to enact comprehensive tax reform. The two-year version of the Craft Beverage Modernization and Tax Reform Act sponsored by Senator Rob Portman and contained in the Senate tax reform bill will create a fairer tax structure for all beverage alcohol. It will enable producers of distilled spirits to invest back in their businesses and communities across the United States.
“Distilled spirits are among the most highly taxed consumer goods in the United States and we support the enactment of pro-growth, comprehensive tax reform. The Council commendsthe Senate for its efforts to create a simpler, more competitive and equitable tax system through the Tax Cuts and Jobs Act.”
The Distilled Spirits Council is the national trade association representing producers and marketers of distilled spirits sold in the United States.