U.S. Senator Tammy Baldwin Introduces Bipartisan Legislation to Help Wisconsin Craft Breweries Create Jobs and Grow Their Business
Craft Beverage Modernization and Tax Reform Act would permanently cut taxes and modernize outdated regulations for craft breweries
WASHINGTON, D.C. – U.S. Senator Tammy Baldwin has reintroduced bipartisan legislation to help craft breweries create jobs and grow our Made in Wisconsin economy. The Craft Beverage Modernization and Tax Reform Act would permanently cut taxes and modernize outdated regulations for brewers, as well as cider makers and distillers, to further promote job creation in each industry.
“Wisconsin craft beer makers are small businesses that create jobs and help grow our economy, so we need to make it easier for them to invest in workers and grow their business,” said Senator Baldwin. “This bipartisan legislation provides permanent tax relief for craft brewers so they can continue moving our Made in Wisconsin economy forward.”
Craft beverage tax provisions were temporarily enacted in 2017, but are scheduled to expire at the end of 2019. This legislation would permanently establish reduced taxes and regulatory burdens for craft beverage producers.
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 Craft Beverage Modernization and Tax Reform Act, led by Senators Roy Blunt (R-MO) and Ron Wyden (D-OR), is also cosponsored by Senators Michael Bennet (D-CO), Tom Carper (D-DE), Bob Casey (D-PA), Shelley Moore Capito (R-WV), Cory Gardner (R-CO), Jerry Moran (R-KS), Rob Portman (R-OH), Pat Roberts (R-KS) and Debbie Stabenow (D-MI).
More information about this legislation is available here.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
Mentioned in This Press Release
Recent Press Releases by U.S. Sen. Tammy Baldwin
Baldwin Delivers Nearly $450,000 to Lower Prices at the Pump in Northwest Wisconsin
Oct 29th, 2024 by U.S. Sen. Tammy BaldwinBaldwin-backed funding will expand access to clean biofuels
Baldwin Announces Nearly $73 Million for Milwaukee Rail Project
Oct 28th, 2024 by U.S. Sen. Tammy BaldwinBaldwin-championed project needed for more Milwaukee-Chicago passenger rail trips and boosting freight capacity
Baldwin Calls on Biden Administration to Investigate China’s Role in Fueling the Fentanyl Crisis
Oct 23rd, 2024 by U.S. Sen. Tammy BaldwinBaldwin stands with families whose loved ones died of fentanyl overdoses and supports their petition to launch probe and hold PRC accountable