Political Quotes

“I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 5442 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Bubble Tax Modernization Act of 2024''. SEC. 2. REMOVING DIFFERENTIATION BETWEEN MEAD AND LOW ALCOHOL BY VOLUME WINE. (a) In General.--Section 5041(h) of the Internal Revenue Code of 1986 is amended to read as follows: ``(h) Low Alcohol by Volume Wine.-- ``(1) In general.--For purposes of subsections (a) and (b)(1), low alcohol by volume wine shall be deemed to be still wines containing not more than 16 percent of alcohol by volume. ``(2) Definition.--For purposes of this section, the term `low alcohol by volume wine' means a wine-- ``(A) containing not more than 0.64 gram of carbon dioxide per hundred milliliters of wine, except that the Secretary may by regulations prescribe such tolerances to this limitation as may be reasonably necessary in good commercial practice, and ``(B) which contains less than 8.5 percent alcohol by volume.''. (b) Effective Date.--The amendment made by this section shall apply to wine removed after December 31, 2024. ______ By Mr. DURBIN (for himself, Mr. Hawley, Mr. Schatz, Ms. Hirono, Ms. Duckworth, Mr. Brown, Mr. Merkley, Ms. Klobuchar, and Mr. Whitehouse): S. 5443.…”