BEER Message Board - Msg: 18725522

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : BEER

BUD 62.47

+2.8%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JakeStraw who wrote (2091)	3/19/2003 10:32:33 PM
From: SIer formerly known as Joe B.	Read Replies (2) of 3689

POL IS BREWING UP EXTRA TAX ON BEER By KENNETH LOVETT nypost.com March 19, 2003 -- ALBANY - A Bronx state assemblyman wants beer drinkers to pony up an additional penny per 12-ounce brew. Assemblyman Jeffrey Dinowitz, a Democrat, says increasing the beer tax would yield the state $35 million a year as the state faces a two-year, $12 billion shortfall. Dinowitz, chairman of the Assembly committee on substance abuse, said his bill would mandate the extra beer tax revenue be put toward prevention and treatment programs. "Who could possibly be outraged by a penny tax on beer?" Dinowitz asked. "I would hope people would think it's a wonderful thing." Beer industry lobbyists say while wholesalers would absorb some of the cost, the proposed increase could cause the price to go up on a case of beer by a nickel or more for consumers. But the New York Association of Alcoholism & Substance Abuse Providers say the "penny-a-beer" fee would strengthen existing programs and address a workforce "crisis" affecting treatment and prevention programs. The current 12.5 cents per gallon beer tax is actually slated to drop to 11 cents per gallon in the new fiscal year. Gov. Pataki has proposed letting the cut stand in his proposed budget despite the state's fiscal woes. It would be the fifth time the tax has been cut since 1995. Dinowitz, admittedly not a beer fan, says it is abused more than any other drug by teenagers. "It's irresponsible to make it cheaper to purchase," he said. The The bill does not yet have an Senate sponsor and Dinowitz's house leadership did not rush to embrace the bill - they said it will have to wind its way through the committee process.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next