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December 27, 2017

Craft breweries, retailers toast new tax law

  • But not all industries have gained equally from loopholes.
    AP Economics Writer

    WASHINGTON — Craft breweries are raising a glass to the Republicans' new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance, led by Wells Fargo.

    The tax measure that President Donald Trump signed into law Friday distributes benefits across a range of American industries, from construction to health care.

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