Five Things I have Learned This Week #12
<p>1 — Ronald Reagan was wrong. His small Government ethos was most famously encapsulated in the quote: “The nine most terrifying words in the English language are: I’m from the Government, and I’m here to help”, offered up at a press conference in 1986. Former President Donald Trump certainly styled himself as the natural heir to Reagan’s agenda, but on 27th December 2020 (a mere ten days before his supporters stormed the Capitol), he signed into law a permanent extension of the 2017 Craft Beverage Modernization and Tax Reform Act (CBMTRA).</p>
<p>The original passing of the CBMTRA was part of the bumper set of tax cuts (c. $1.4trn) President Trump signed into law in 2017, but was originally only due to last two years. Already extended once by 12 months, the CBMTRA is now permanently on the statute books. The Act is a weirdly wonderful piece of legislation, bringing both equality and enhanced competition at the same time.</p>
<p><a href="https://paddy-fletcher.medium.com/five-things-i-have-learned-this-week-12-8d1ced26a68"><strong>Learn More</strong></a></p>