I've spent much of my career building and acquiring businesses because I love the process. I'm an entrepreneur at heart. Growing an idea into a viable operation that creates products people enjoy and employs workers is what drives me. The businesses in my portfolio are varied, and every time I enter a new industry I get the chance to see what works and what doesn't. When I acquired Warfield Distillery in Idaho, I quickly learned that federal tax law doesn't always treat small, independent distilleries fairly.

A great example of this is Section 5010 of the tax code, what critics are calling the foreign liquor loophole. As you may know, spirits get taxed based on their alcohol content through excise taxes. Section 5010 is a tax carveout that lowers the excise tax........

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