Posted on 10/05/2019 4:44:48 AM PDT by Libloather
WASHINGTON (Nexstar) In recent years weve 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 industrys 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 ...
Tax breaks for me but not for thee?
Reminds me of how Hollywood filming in States with big tax breaks, then the actors in those films saying taxes should be higher.
Government isn’t supposed to be investors using taxpayer monies. Kill this grifting.
Fair point. But the government is picking winners and losers. Some folks get a reduced government burden, and some folks don't. That isn't something I support. That's crony capitalism.
I oppose all corporate taxes -- but it needs to be across the board.
At the very beginning of the video, did that woman just introduce wild yeast into the wort when she pulled the lid off the fermentation vat?
“Craft beers taste bad”
Pumpkin spice IPA is just wrong, but there are a couple of local ales that have become my favorites. Currahee Siler Brown nudged Newcastle down on my list, and Sweetwater 420 is my go-to blonde ale, as it has graduated from local craft beer to much larger production.
Amen! Extend the craft brewers' tax breaks to ALL businesses.
I like to sip an IPA once or twice a week. Devil Anse and Short Story Brewing Fast Foreword are a few of my favorites.
It wouldn’t break me to pay another dollar everytime I had a beer, and I’m not sure why my beer should be treated any differently under the tax code than a set of tires.
Come to think of it I like Fat Tire too. :)
While that may be true, Guinness is still the anti-IPA. IPAs taste like fermented rotten fruit scraps.
Now pumpkin pie spice fried chicken, theres something!
Well of course its better in Dublin. No shit. I drink it on tap at local places in Massachusetts. Dont usually buy the Guinness cans, but its good enough for me.
Just for the record, I was playing “beer snob” in response to the beginning of your rant. If I were still in the northeast, I’d be drinking more beer, too, and draft Guinness is an excellent choice.
>I like a good beer as much as the next fella, but theres nothing worse than a craft beer snob. Even worse, a millennial craft beer snob.
>
>Ill go back to sipping my Guinness now...
Wow, a Guinness beer snob. Brilliant!
AB has been buying a bunch of craft brewers, like Widmer, Goose Island, and Four Peaks. As have Heineken and Molson
“Although I’m not a fan of any government subsidies”
The government didn’t give them anything, they just lowered the amount they were taking from them. Cutting taxes is not a subsidy so we need to quit using the language of the left.
As far as I’m concerned they should roll out these tax cuts to the major breweries.
Especially when their tax breaks expire...which was the point...a temporary leg up, not a stipend.
Bump for Yuengling and Yuengling Light and a thumbs down to Dogfish Head Scrapple
If you are a microbrewery, how on earth are you getting an excise tax?
Anything produced here is free from excise taxes.
Only crud from outside of the US is being taxed, which is what excise taxes do.
You sound like a leftist. “How are we going to “pay” for this tax break?”
Reducing the tax rate the brewer pays only reduces the amount stolen from the market, allowing (as the article plainly demonstrates) re-investment in the businesses, economic growth and more jobs.
It costs about 35 cents to make a pint of beer. It costs another dollar for the building, and serving staff another 50 cents. ALL THE REST IS TAXES!
Cruise on down to your local and order a beer. Look at your bill. The price of the beer already has a ton of tax included, then the local and state agencies charge a tax ON THE ALREADY TAXED PRICE.
As I said, a lower tax rate is not a subsidy.
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