The Distilled Spirits Council of the United States (DISCUS) is focused on preventing new tax increases on the alcohol industry this year. CEO Chris Swonger and Chief of Government Relations Denzel McGuire stated that their primary objective is to highlight the success of the 2017 excise tax cuts, which were subsequently made permanent. They argue that distilleries already face a high tax burden and that further increases would be detrimental to the recovering beverage alcohol market.
Swonger pointed out that consumers have less disposable income due to the pandemic, leading to a contraction in the market. Any new tax hikes would exacerbate this slowdown, according to Swonger. The industry experienced a boost during the pandemic as people spent more on alcohol instead of other activities like dining out or going to the movies. However, this trend has reversed as the market adjusts. The 2017 Tax Cuts and Jobs Act (TCJA) provided significant excise tax reductions for beer, wine, and spirits, with provisions known as the Craft Beverage Modernization and Tax Reform Act. These provisions were made permanent in a December 2020 omnibus spending bill that also included pandemic stimulus measures
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