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John A. Yarmuth

Want a cheaper cocktail? Proposed tax bill could cut liquor costs, by a lot

Want a cheaper cocktail? Proposed tax bill could cut liquor costs, by a lot

Ever wonder where half your paycheck goes every week? If you live in a city full of bars with craft cocktails and Uber service, it's not a mystery. But a new proposed tax bill could make your future martinis a lot cheaper. Rep. Todd Young (R-Ind.) and Rep. John Yarmuth (D-Ky.), introduced a bipartisan bill to cut federal excise taxes on distillers. The bill, called the Distillery Innovation and Excise Tax Reform Act, is aimed at helping large and small distilleries grow with reduced taxes.  If passed, this could mean cheaper cocktails at a bar near you, and cheaper bottles of liquor at the liquor store.  MORE: 26 great cocktails in Los Angeles "All around...

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