More on Bourbon Industry
Congressman Andy Barr (KY-06) today voted in favor of the conference report to H.R. 1, the Tax Cuts and Jobs Act, the most significant rewrite of the Internal Revenue Code in more than 31 years. The legislation will lower tax rates on individuals and businesses and simplify the code so that most households can file their taxes on a simple postcard.
U.S. Senate Majority Leader Mitch McConnell (R-KY), Senator Rand Paul (R-KY) and Congressman Andy Barr (KY-06) reintroduced legislation today which corrects a provision in the tax code to ensure that Kentucky’s Bourbon producers are no longer at a disadvantage with their global competitors.
Congressman Andy Barr (KY-6) today voted in favor of Trade Promotion Authority (TPA), which establishes strict guidelines, congressional oversight, and public transparency requirements as the Obama Administration negotiates new trade agreements. The legislation gives Congress the final say on any new trade agreement, but only after any proposed agreement is available to the public for at least 60 days before a vote.
Congressman Andy Barr (R-KY) today announced he will support a bipartisan, bicameral agreement to renew and update Trade Promotion Authority (TPA). The proposal comes as the United States negotiates major trade agreements with Asia and Europe, which could open new markets for Kentucky products and support Kentucky jobs.
Congressman Andy Barr (KY-6) today introduced the Aged Distilled Spirits Competitiveness Act of 2015. The aging process is essential to producing high quality Kentucky bourbon. However, the U.S. tax code discriminates against this process by not allowing distillers to deduct inventory expenses until the final product is sold, which can take from two to more than 20 years. Distillers of other spirits such as vodka are able to deduct these expenses right away because their products are not aged.
On September 17, 2014, Congressman Andy Barr spoke on the floor of the U.S. House of Representatives to honor the career of Mr. James C. Russell, Master Distiller at the Wild Turkey Distillery in Lawrenceburg, Kentucky, and to mark the event of his 60th year in the industry.
WASHINGTON – On May 21, 2014, Congressman Andy Barr released the following statement regarding Kentucky’s bid to host the 2018 World Equestrian Games:
In honor of the upcoming 140th Kentucky Derby on Saturday, May 3, 2014, Congressman Andy Barr spoke about the men and women who dedicate their lives to Kentucky's signature horse industry, and the significant economic and jobs impact of this industry on Kentucky and beyond.