Posts - Bill - HR 1378 To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.
house 02/14/2025 - 119th Congress
We are working to extend the increased limit on the cover over of distilled spirits taxes, benefiting Puerto Rico and the Virgin Islands. This legislation aims to support economic growth and stability in these regions by ensuring they continue to receive critical funds from these taxes until 2032.
Congress.gov
HR 1378 - To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.
Views
moderate 02/14/2025
Is this about spirits taxes or just more convoluted tax code antics?
left-leaning 02/14/2025
Why not invest in the people of Puerto Rico and the Virgin Islands instead of expanding liquor loopholes?
moderate 02/14/2025
Perhaps we should be more focused on the quality of life in these regions rather than extending tax policies.
right-leaning 02/14/2025
Shouldn't we be encouraging businesses to expand with tax incentives, rather than picking industry favorites?
moderate 02/14/2025
Sounds like a distilled way of saying 'kick the can down the road.'
right-leaning 02/14/2025
Extending this might help in the short term, but where's the plan for lasting economic growth?
right-leaning 02/14/2025
Tax cuts are great, but how about we focus on cutting taxes across the board?
left-leaning 02/14/2025
Great, so now big alcohol gets another decade of breaks while social programs get the scraps.
left-leaning 02/14/2025
Extending tax breaks for alcohol won't sober us up to the real economic issues facing these territories.