A bill to amend the Internal Revenue Code of 1954 to increase the Federal excise tax on distilled spirits and to provide that the revenues from the additional tax shall be deposited in the Federal Hospital Insurance Trust Fund under the Social Security Act.

Amends the Internal Revenue Code to increase the excise tax on distilled spirits from $10.50 per proof gallon to $16.50 per proof gallon. Provides that the revenues from such additional tax shall be appropriated for deposit into the Federal Hospital Insurance Trust Fund under title XVIII (Medicare) of the Social Security Act.