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Booze used to make hand sanitizer might be free from taxes under the coronavirus stimulus bill, as breweries and vodka makers ditch beer for sanitizing gels

13 days ago   |   By Business Insider

The Senate passed a $2 trillion stimulus package to stabilize the American economy during the coronavirus outbreak.
A section of the bill states that alcohol companies are temporarily exempt from excise taxes on alcohol used to make hand sanitizer.
The bill still needs to be passed by the House of Representatives before President Donald Trump can sign it into law.
Tito's vodka recently announced that it plans to make an initial 24 tons of its own hand sanitizer that it will give away for free to those who need it.
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What's in the $2 trillion coronavirus stimulus bill

What's in the $2 trillion coronavirus stimulus bill

14 days ago   |   By WGN TV

Congressional lawmakers are putting the finishing touches on a $2 trillion stimulus bill to respond to the coronavirus pandemic, with cash and assistance for regular Americans, Main Street businesses and hard-hit airlines and manufacturers, among others.
CNN reporters are reading through the draft legislation. Here's a running list of highlights:
Direct payments to individuals
Under the plan as it was being negotiated, single Americans would receive $1,200, married couples would get $2,400 and parents would see $500 for each child under age 17.
However, the payments would start to phase...
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