Wyden, Blunt Move to Support America’s Craft Beverage Industry

February 8, 2019 by TWN Staff
Head distiller at Two Brothers Roundhouse, Jeremy Bogan, fills a couple of barrels with malt whiskey in Aurora, Ill., Thursday Nov. 1, 2018. The company is making all kinds of spirits and roasting coffee in addition to brewing beer. (Abel Uribe/Chicago Tribune/TNS)

This week, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Roy Blunt, R-Mo., introduced legislation to help ensure the continued growth of America’s craft beverage industry. The Craft Beverage Modernization and Tax Reform Act would permanently establish reduced taxes and modernized regulations for brewers, cider makers, vintners and distillers to further promote job creation in each industry.

In 2016, the brewing industry alone contributed more than $350 billion to the U.S. economy, directly and indirectly employing about 2.23 million Americans. The wine industry contributed $220 billion and 1.7 million jobs, and spirits contributed more than $173 billion and 1.5 million jobs.

“People around the world enjoy Oregon wine, craft beer, cider and spirits—providing not only a serious source of home state pride but also a huge boon to our state’s economy,” Wyden said. “By modernizing burdensome rules and taxes for craft beverage producers, this legislation will level the playing field and allow these innovators to further grow and thrive.”

“The craft beverage industry is driven by small businesses that support thousands of jobs and contribute billions in economic output,” said Blunt. “This bill will remove tax and regulatory barriers that are making it harder for Missouri’s brewers, distillers, and winemakers to grow and compete. I’m encouraged by the strong, bipartisan support this measure had in the previous Congress and look forward to working with our colleagues to get it to the president’s desk.”

The Craft Beverage Modernization and Tax Reform Act is co-sponsored by Sens. Thomas R. Carper, D-Del., Pat Roberts, R-Kan., Debbie Stabenow, D-Mich., Jerry Moran, R-Kan., Robert P. Casey Jr., D-Pa., Rob Portman, R-Ohio, Michael F. Bennet, D-Colo., Shelley Moore Capito, R-W. Va., Tammy Baldwin, D-Wis., and Cory Gardner, R-Colo.

A one-page summary of the legislative proposal can be found here. A longer, section-by-section summary can be found here and legislative text can be found here.

In The News

Health

Voting

Economy

$28.6 Billion Restaurant Revitalization Fund Open for Enrollment
Business
$28.6 Billion Restaurant Revitalization Fund Open for Enrollment
May 3, 2021
by Reece Nations

The Small Business Administration began accepting applications on Monday for the Restaurant Revitalization Fund, a program authorized in March by the passage of the American Rescue Plan Act. To receive funding, businesses must submit their application to the SBA on a first-come, first-served basis at restaurants.sba.gov.... Read More

Republicans Claim $15 Minimum Wage Would Hurt U.S. Jobs and Businesses
Congress
Republicans Claim $15 Minimum Wage Would Hurt U.S. Jobs and Businesses
May 3, 2021
by Tom Ramstack

WASHINGTON -- The Biden administration’s pledge to up the wages and fair labor standards of low-income workers hit a roadblock among Republicans during a congressional hearing Monday. The intentions are good but the economics are bad, according to critics who say the plan would backfire by... Read More

Yellen: Biden's Phased-in Spending Plan Won't Fuel Inflation
Economy
Yellen: Biden's Phased-in Spending Plan Won't Fuel Inflation

WASHINGTON (AP) — President Joe Biden's massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in gradually over 10 years, Treasury Secretary Janet Yellen said Sunday. New economic reports have portrayed a surging recovery from the recession... Read More

Help Wanted: In Pandemic, Worry About Finding Summer Workers
Employment
Help Wanted: In Pandemic, Worry About Finding Summer Workers

BOSTON (AP) — The owner of seafood restaurants on Cape Cod has eliminated lunch service and delayed the opening of some locations because his summertime influx of foreign workers hasn't arrived yet.  More than a thousand miles away, a Jamaican couple is fretting about whether the... Read More

Lower Employment Figures Spur Concern for Airline Industry
Travel
Lower Employment Figures Spur Concern for Airline Industry
April 19, 2021
by Reece Nations

WASHINGTON — As the industry continues to rally back from the lifting of pandemic travel restrictions, some passenger airline companies are still struggling to retain full-time employees. February employment figures for airlines were down nearly 1% from January, according to a monthly report by the Department... Read More

Disease Experts Look to the End Of Pandemic But Aren't Sure When
Health
Disease Experts Look to the End Of Pandemic But Aren't Sure When
April 16, 2021
by Tom Ramstack

WASHINGTON -- As the U.S. death toll reached 564,000 from COVID-19, the nation’s top disease experts said Thursday normal life will return for Americans only when enough of them get vaccinated. But with more than 70,000 new infections daily, they could not predict for Congress when... Read More

News From The Well
scroll top