Family-owned distributors and their 74,000 workers will benefit
(WASHINGTON, D.C.) – Wine & Spirits Wholesalers of America (WSWA), the trade association representing American family-owned distributors today praised the U.S. House of Representatives for passing its tax reform plan. WSWA President and CEO Craig Wolf released the following statement:
“Today, the House of Representatives moved one step closer to enacting tax reform that will not only benefit family-owned wine and spirits wholesalers, their 74,000 employees at 3,000 facilities across the country, but also countless small and family-owned businesses nationwide. This is a significant accomplishment and the House deserves credit for taking an important step toward making tax reform a reality.
“WSWA thanks the House for preserving the LIFO method of accounting and recognizing the importance of a fair rate for family-owned pass through businesses. We plan to work with the Senate to make these pillars of tax policy a reality.
“Tax reform will energize our economy, enable businesses to invest more in employees, benefits, and training as well as facilities and equipment. That is why it is essential that the Senate quickly pass, and the President sign into law, permanent and lasting tax reform.”
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WSWA is the national trade association representing the distribution tier of the wine and spirits industry, dedicated to advancing the interests and independence of distributors and brokers of wine and spirits. Founded in 1943, WSWA has more than 380 member companies in 50 states and the District of Columbia, and its members distribute more than 80 percent of all wine and spirits sold at wholesale in the U.S. Visit www.wswa.org to learn more.