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New York wineries can now sell wine in cans after restrictions were lifted by the Alcohol and Tobacco Tax and Trade Bureau. Senator Chuck Schumer said the decision will lead to further economic growth and allow producers to capitalize on an explosive trend. The canned wine industry has grown exponentially in recent years.
“Although it was already a heavy-hitter, New York’s $4.8 billion wine industry was left hanging on the vine by TTB’s outdated rules and restrictions,” said Senator Schumer. “Today’s decision to allow winemakers to sell their products in the most popular-sized cans will lead to further economic growth and allow producers to capitalize on an explosive trend. I’m proud to have helped New York’s wine industry cut through the bureaucratic red
Beer and wine industries welcome tax credits, research funding
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From racehorse owners to business lunch goers: Here s who got a tax break out of Washington s year-end spending deal Ben Werschkul
On Dec. 21, the behemoth 5,593-page deal to provide coronavirus stimulus and keep the U.S. government running in 2021 was finally released to the public.
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Now as lawmakers rush home for Christmas, business groups and observers are poring over the bill – the longest ever passed by Congress – to see which businesses and industries come out the biggest winners.
Some of the biggest examples of government largesse were known in advance.Airlines received a second round of the Payroll Support Program with a price tag of $16 billion. Amtrak received $1 billion in funding, and emergency grants to music venues added another $15 billion to the total.
US alcohol producers benefit from $900bn stimulus package 22nd December, 2020 by Phoebe French
The US Senate has approved a stimulus package worth almost US$900 billion, with alcohol producers set to benefit from a permanent excise tax reduction.
The senate voted 92-6 in favour of the economic relief package yesterday (21 December) after the House of Representatives also voted through the measure earlier in the day.
The 5,593-page bill will now be sent to President Trump to be signed into law.
Among the provisions are a permanent excise tax break for beer brewers, distillers and wine producers. It means that the tax breaks which featured in the Craft Beverage Modernization and Tax Reform Act (CBMTRA) will now continue.
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