OWN A LIQUOR STORE OR DISTILLERY
The tax law also cuts by 16 percent what are known as sin taxes on purchases of beer, wine, and liquor, a move lobbied for by the alcohol industry for years. That’s good news for distillers and liquor stores, as lower prices are indeed linked to more alcohol purchases, but not so much for public health. The Brookings Institute predicts the change will also cause 1,550 more alcohol-related deaths each year, on top of the current annual toll of 88,000.