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 ...
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.
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.
Eliminate the excise on all beer.
It’s a tax on the middle class that is disproportionate. It is also a tax on college students in debt.
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 Beers monopolies because they see it as a golden parachute.
we see microbreweries opening everywhere, and I cannot imagine that many will make a living at it,
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. If your hobby is tasting beers at all these micro breweries thats fine, more power to you. But I get tired of hearing how great the beer is compared to a simple Bud Light, etc. I dont 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.
Ill go back to sipping my Guinness now...
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.
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.
Light beer is water with beer flavoring
Corona cerveza is my current choice.
Craft beers taste bad
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.
///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.
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.
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.
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.
No time, got impeachin’ to do.
Good or Bad this Congress don’t do nuffin , period
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.
Theyll just buy out small companies.
Megabump!!
If the industry cannot survive now without government assistance, then it just deserves to die.
Its not government assistance. Its reduced government burden. All FReepers should support that.
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