Update: Small BREW Act
We’ve been writing quite a bit about the Small BREW Act currently before Congress, and why it would go such a long way toward helping small brewers create jobs. (Cough, reduction of the federal excise tax applied to barrels of beer, cough.) We’ve also been writing about potential roadblocks, including lobbying by multinational breweries for their own, competing bill.
Well, good news!
A third horse has entered this race in the form of the Craft Beverage Modernization and Tax Reform Act. It’s a compromise bill in that it should appease the big guns, but it contains all of the elements of the Small BREW Act… in fact, it takes that bill one step further.
In a statement issued this week, Brewers Association President Bob Pease says: “Not only would this legislation recalibrate excise taxes—an issue for which we have long advocated—it would ease a number of burdens for brewers, including simplifying label approvals and repealing unnecessary inventory restrictions.”
Thanks to the man behind the plan, Senator Ron Wyden (D-OR), for fighting the good fight, and to our own President Ryan Krill, leader of the Garden State Craft Brewers Guild, for advocating on the Hill.
We’re one step closer to greater job creation.