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Blunt, Wyden Introduce Craft Beverage Modernization and Tax Reform Act

February 07, 2019

WASHINGTON – Yesterday, U.S. Senators Roy Blunt (Mo.) and Ron Wyden (Ore.) 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.

Missouri’s wine industry supports nearly 30,000 jobs and contributes $3.2 billion each year to the state’s economy. Missouri’s beer industry is responsible for more than 57,000 direct and indirect jobs and nearly $3 billion in wages and benefits. Missouri’s spirit industry is responsible for more than 26,000 jobs and contributes $1.9 billion to the economy.

“The craft beverage industry is driven by small businesses that support thousands of jobs and contribute billions in economic output,” Blunt said. “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.”

“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.”

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 1.5 million jobs.

The Craft Beverage Modernization and Tax Reform Act is cosponsored by Senators Tom Carper (Del.), Pat Roberts (Kan.), Debbie Stabenow (Mich.), Jerry Moran (Kan.), Bob Casey (Pa.), Rob Portman (Ohio), Michael Bennet (Colo.), Shelley Moore Capito (W.Va.), Tammy Baldwin (Wis.), and Cory Gardner (Colo.).   

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