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Tax break that helps craft breweries to expire if Congress doesn’t act
WPRI ^ | 10/04/19 | Brie Jackson

Posted on 10/05/2019 4:44:48 AM PDT by Libloather

WASHINGTON (Nexstar) — In recent years we’ve seen the craft beer industry grow from a handful of breweries in major cities to thousands of smaller, artisanal breweries spread across all 50 states.

Brewers said the Craft Beverage Modernization and Tax Reform Act (passed in 2017) has helped with that growth. But those tax breaks expire this year, and advocates want Congress to act fast.

**SNIP**

Cheston is one of nearly 7,000 craft brewers in the United States, who along with beer lovers, raised a glass after Congress passed the Craft Beverage Modernization and Tax Reform Act 2 years ago.

Jim McGreevy with The Beer Institute said it reduced the federal excise tax for brewers and aided the industry’s explosive growth.

“Allowed them to spend the money innovating in their brewery, rehabbing their physical plants, building out their physical plant,” McGreevy said.

(Excerpt) Read more at wpri.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: beer; brewery; congress; taxes
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This is a perfect job for the bartender. Fauxcahontas could help. Save the planet one beer at a time.
1 posted on 10/05/2019 4:44:48 AM PDT by Libloather
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To: Libloather

So how many hours extra a year must I work to support craft brewers and what business is it of the Feds to interfere with every minutia of the “free” market. I certainly dont feel so free.


2 posted on 10/05/2019 4:49:09 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Libloather

As Budweiser is losing market share to these many micro breweries I am sure they are spending large to try to have this go away.
I know they worked for decades to hinder the Micro Brew industry here in Florida.


3 posted on 10/05/2019 4:54:20 AM PDT by Joe Boucher ( Molon Labe' baby, Molon Labe)
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To: Libloather

Eliminate the excise on all beer.


4 posted on 10/05/2019 4:59:25 AM PDT by Raycpa
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To: Raycpa

It’s a tax on the middle class that is disproportionate. It is also a tax on college students in debt.


5 posted on 10/05/2019 5:01:19 AM PDT by Raycpa
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To: Libloather

There are upwards of 50 craft breweries in my city and hundreds in the state. It is a niche industry but not a sacred cow.

And quite a few of the larger craft breweries are selling out to Big Beer’s monopolies because they see it as a golden parachute.


6 posted on 10/05/2019 5:08:16 AM PDT by a fool in paradise (Denounce DUAC - The Democrats Un-American Activists Committee)
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To: a fool in paradise

we see microbreweries opening everywhere, and I cannot imagine that many will make a living at it,


7 posted on 10/05/2019 5:13:40 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: Libloather

I like a good beer as much as the next fella, but there’s nothing worse than a craft beer snob. Even worse, a millennial craft beer snob. If your hobby is tasting beers at all these micro breweries that’s fine, more power to you. But I get tired of hearing how great the beer is compared to a simple Bud Light, etc. I don’t drink Bud Light, but why would I give a shit if other people like Bud Light?

As for the tax issues...yeah it sucks. But if the taxes exist they should have to pay them like every other business does. Taxes should be cut further across the board for all businesses. My company of about 150 employees gets hammered by taxes but we do our best.

I’ll go back to sipping my Guinness now...


8 posted on 10/05/2019 5:17:25 AM PDT by strider44
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To: Libloather

I just posted the request to Contact the Whitehouse. Craft breweries tend left...making it visible with PDJT backing would be something the craft beer folks would remember in the voting booth.


9 posted on 10/05/2019 5:31:17 AM PDT by CincyRichieRich (Vote for President Trump in 2020 or end up equally miserable, no rights, and eating zoo animals)
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To: Libloather

The craft breweries in the U.S. have been growing very well for many years, before the 2017 change in the taxes they pay. At most, my guess is that the tax advantage helped the weaker ones that would not have been successful without the extra tax breaks that craft breweries had not had before.


10 posted on 10/05/2019 5:32:55 AM PDT by Wuli
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To: strider44

Light beer is water with beer flavoring

Corona cerveza is my current choice.

Craft beers taste bad


11 posted on 10/05/2019 5:36:47 AM PDT by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: bert

When I used to drink beer, Old Milwaukee Light was by far my favorite, even when I could any common beer made for the same price.


12 posted on 10/05/2019 6:13:11 AM PDT by Beagle8U (It's not whether you win or lose, it's how you place the blame.)
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To: Libloather

///Jim McGreevy with The Beer Institute said it reduced the federal excise tax for brewers and aided the industry’s explosive growth.

“Allowed them to spend the money innovating in their brewery, rehabbing their physical plants, building out their physical plant,” McGreevy said.

Cheston said she was able to hire a new part-time employee. But the two year tax break runs out at the end of 2019. Supporters urge Congress to extend it or make it permanent./////

Here we have another case of LOWER TAXES MEANS STRONGER BUSINESSES able to help their communities.


13 posted on 10/05/2019 6:20:59 AM PDT by fproy2222
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To: Libloather
Although I'm not a fan of any government subsidies, I might understand the efficacy of tax breaks for a new sort of industry. But it cannot continue forever.

Craft beer was "new" some years ago. It has taken off in a big way. They seem to be everywhere now. They are trendy. They are hip. They are part of our culture. Magazines are devoted to the topic.

If the industry cannot survive now without government assistance, then it just deserves to die.

14 posted on 10/05/2019 6:36:12 AM PDT by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: Libloather

Congress must stop giving tax breaks to special interests.

The tax code is full of special tax breaks for some, and other benefits for others. This makes people fearful of losing their special privileges, and makes them support the people in power.

People don’t realize that their special privilege costs other people money. They don’t realize that they are paying for all those other special privileges.

No one benefits from this system, except the corrupt congresspersons who devised the system.


15 posted on 10/05/2019 6:38:09 AM PDT by I want the USA back (The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
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To: Libloather

No time, got impeachin’ to do.


16 posted on 10/05/2019 6:41:40 AM PDT by bigbob (Trust Trump. Trust the Plan.)
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To: Libloather

Good or Bad this Congress don’t do nuffin , period


17 posted on 10/05/2019 6:41:44 AM PDT by butlerweave
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To: Joe Boucher

“ As Budweiser is losing market share to these many micro breweries I am sure they are spending large to try to have this go away.”

bud is like all giant companies.

They’ll just buy out small companies.


18 posted on 10/05/2019 6:43:24 AM PDT by aMorePerfectUnion
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To: ClearCase_guy
If the industry cannot survive now without government assistance, then it just deserves to die.

Megabump!!

19 posted on 10/05/2019 6:49:40 AM PDT by upchuck (Democraps say the President is out of control. They mean the President of out of THEIR control.)
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To: ClearCase_guy

“ If the industry cannot survive now without government assistance, then it just deserves to die. ”

It’s not “government assistance”. It’s reduced government burden. All FReepers should support that.


20 posted on 10/05/2019 7:17:52 AM PDT by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
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