Brewing loopholes remain a taxing topic
WASHINGTON — Plenty of lawmakers are against tax breaks and so-called loopholes. Unless, of course, they personally helped create them. ...
Senator John Kerry, D-MA, says he ... wants to eliminate such breaks, except when it comes to beer. He is one of the main supporters of a proposal that would cut taxes for small beer makers like the Samuel Adams Brewery in Boston.
And Representative Paul D. Ryan, R-WI, who leads the House Budget Committee, has privately assured one beer industry group that he would support a second proposed tax break for brewers, even as he has distanced himself publicly from the measure, the beer group’s chief operating officer said in an interview.
The disconnect between the lawmakers’ words and deeds reflects the political hurdles that Congress and the White House face as they look to cut at least $1.2 trillion from the national debt.
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Posted by William M. Dowd at 2:18 PM