The Great Debate

The most expensive ingredient in beer? It’s not hops, it’s taxes.

By Grover G. Norquist and Patrick Gleason
February 19, 2015
Goose Island beer taps are seen amongst other craft beers at a bar in New York

Craft beer taps at a bar in New York, January 21, 2015. REUTERS/Brendan McDermid

Whether you like craft beer brewed in small batches or the mass-produced variety, the most costly ingredient that goes into every pint of beer in the United States is taxes. With federal, state and local levies, taxes make up, on average, more than 40 percent of the cost of beer purchased in the United States. In an effort to reduce the excessive tax bite, two competing bills have been proposed this month on Capitol Hill, along with legislation at the state level.

The real fiscal cliff winner? Bush

By Michael M. Rosen
January 7, 2013

“Tax relief is an achievement for families struggling to enter the middle class,” the president trumpeted, shortly after Congress, by sweeping bipartisan margins and after a bruising battle, had lowered taxes for almost all Americans.  “For hard-working lower income families, we have cut the bottom rate of federal income tax from 15 percent to 10 percent. We doubled the per-child tax credit to $1,000 and made it refundable. Tax relief is compassionate, and it is now on the way.”

Desperate times do not always call for desperate measures

By Guest Contributor
September 10, 2010

FINANCIAL BANK OF AMERICA

This is a guest post by R. Glenn Hubbard, dean of the Columbia Business School and former Chairman of the Council of Economic Advisers under President George W. Bush, and Peter Navarro, a professor of economics at the Merage School of Business at the University of California-Irvine. They are the authors of “Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity.”

The $300 billion tax cut: Let’s do it right

January 8, 2009

Diana Furchtgott-Roth – Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor, is a senior fellow at the Hudson Institute. The views expressed are her own. –