The Craft Beverage Modernization Act that was part of the tax bill Republicans passed in 2017 is set to expire at the end of the year. The owner of Cedar Ridge Distillery in Swisher, Jeff Quint, said that could have a big effect on distilleries across the country.
The extra cash helped the distillery make investments to expand the business. Quint said he will have to make changes if the tax cut ends. He'll attend a meeting in Washington D.C with Iowa Senator Chuck Grassley next week.
Quint says the distillery saved $1.80 per bottle on bourbon because of the tax break. Overall, that saved hundreds of thousands of dollars per year. They used that money to add second and third shifts to make whiskey around the clock. Quint said the extra production is needed to remain a player in the bourbon business.