New York plans to more than double its beer and wine tax, while Oregon may increase its surcharge to $49.61 per 31-gallon (117-liter) barrel from $2.60.
It seems the bulk of these increases are going to be passed along to the end consumer, and between waning demand due to people cutting back on discretionary spending, and the proposed tax increase, this could have a strong negative impact on the industry as a whole. As of now, it looks like the greatest hope for America’s distilleries is that the economy eventually becomes so bad that demand for alcohol spikes back up, and the cost of “forgetting your problems” becomes irrelevant to everyday consumers.
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