Trump’s big bill backs spirits wholesalers
A US trade body has praised the passing of the One Big Beautiful Bill Act, which will provide a “critical lifeline” for family-owned spirits wholesalers.
On 3 July, the House of Representatives passed US president Donald Trump’s tax and spending policies under the One Big Beautiful Bill Act (OBBBA).
Trump is expected to sign it into law in a ceremony today on the 4 July national holiday at 10pm BST.
Crucially, the bill includes a permanent 20% deduction for qualified business income on their personal taxes under Section 199A.
Section 199A was introduced in 2017 by Trump as part of permanent and temporary changes to tax law. Those measures were due to expire at the end of this year.
Trade body the Wine & Spirits Wholesalers of America (WSWA) said Section 199A would enable alcohol distributors to “reinvest, grow, and sustain jobs in communities nationwide”.
“This was a moment of real leadership, and we commend the House for quickly passing the OBBBA – uplifting Main Street businesses across the country by locking in Section 199A relief,” said WSWA president and CEO Francis Creighton.
“For family-owned, multi-generational wine and spirits wholesalers, this means the ability to invest with confidence in their companies, employees and communities.”
Since its introduction, Section 199A has helped WSWA members to reinvest more than US$380 million into their businesses, with more than 90% going directly into infrastructure, facilities, and equipment.
“We are excited for this bill to become law without delay – it will be a powerful signal that Washington values and supports the family-owned businesses that fuel our economy,” added Creighton.
In other US wholesaler news, The Spirits Business recently explored the fallout from Republic National Distributing Company’s exit from California.
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