Tax Bill to Provide Boost to Booze Industry

WASHINGTON - The just passed tax bill is going to give a big boost to the alcohol industry.

The Senate has given beer, spirits and wine producers a two-year reduction in federal excise taxes saving a whopping $4.2 billion.

Small brewers will see their tax rate cut in half...

Big brewers will get a break as well saving roughly $12 million every year.

Tax rates for hard liquor drop even more from $13.50 per gallon to $2.70.

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