WaEx:
In early December, Christine Riggleman was worried that her taxes would suddenly go up by close to $10,000 per month. Other distillery owners have voiced similar concerns.
Riggleman is the owner of Silverback Distillery, located near the Blue Ridge Mountains in Afton, Virginia. For her small business, such a tax hike would be devastating. Silverback employs 31 people, and Riggleman feared she would have to let some of them go to make ends meet.
Here’s why she was so concerned: Along with other craft alcohol producers, Silverback received a welcome boost from the GOP’s 2017 tax reform bill. For the first time since the Civil War, craft distillers such as Riggleman enjoyed a reduction of over 80% on their tax burden. Craft brewers and wineries also received significant tax cuts. Yet unlike other parts of the tax bill, the alcohol excise tax cuts were set to snap back to prior levels at the start of 2020.
While Congress just reached a last-minute deal to save the tax cuts, the agreement only extends them for another year — setting up another drama-filled tax cliff next year and creating more uncertainty than ever for distillers such as Riggleman. read more
When Trump is reelected, the congress should attend to this promptly.
not to worry … the feds want us drunk, complacent & happy
besides … just think what it would do to Nan’s & Hillary’s bank accounts!
DemocRAT parasites never pass up a chance to hop on a nuther host!
won’t that affect nancy’s wallet?
oh, that’s right
the taxpayers pay for all her booze, don’t we?
I think the long term Leftist intention is to replace alcohol with marijuana anyway.
I have never seen a tax that a Democrat doesn’t like.
Besides, no alcohol tax is going to hurt any wealthy Democrat Congressional booze hound who has graft money coming. Half of their bar tab is charged to the tax payer anyway.
It should be noted that her husband, Denver Riggleman, is the Republican Congressman from that District. I attended a fundraiser for him at that distillery.
It’s named after me
Isn’t this how the Whiskey Rebellion started?
Operating a personal still is not rocket science.