One provision in the 2017 tax overhaul slashed federal excise taxes for the craft beer, wine and distilling sectors. But the excise tax relief will sunset at the end of this year unless Congress extends it.
"We have Democrats and Republicans supporting this," said Baggett, who was part of an industry group that visited Washington recently to press Congress to act. He pointed out that support has been growing in the past month. "We just recently were able to get more than half of the House to sign onto the bill as sponsors and well more than half of the Senate."
"This is not a bill about lowering alcohol prices or beer prices," said Bob Pease, president and CEO of the Brewers Association, a Boulder, Colorado-based trade group for U.S. craft breweries. "This is about small business, job creation, economic revitalization and urban manufacturing." The measure that ultimately ended up getting passed in 2017 included excise tax relief for both large and small alcoholic beverage producers.
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