Wednesday, May 20, 2009

Senate may raise taxes on beer

If you've noticed craft beer getting more expensive, get ready for it to get pricier.

As part of a plan to expand health insurance coverage, the U.S. Senate is considering raising taxes and fees on many products, including beer.

According to The Associated Press, "Under the proposal, beer taxes would go up by 48 cents a six-pack, from the current 33 cents."

That doesn't sound like much, but remember, that's the base tax. End consumers will likely pay more after breweries, distributors and retailers pass along the price increase.

This tax would come after major price increases brought about by rising costs of grain, hops and energy.

Read the full story at my newspaper's Web site.

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