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Craft Beverage Modernization and Tax Reform Act would permanently cut taxes and modernize outdated regulations for craft breweries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 The Craft Beverage Modernization and Tax Reform Act would permanently cut taxes and modernize outdated regulations for brewers, as well as cider makers and distillers, to further promote job creation in each industry.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.
Mentioned in This Press Release
Recent Press Releases by U.S. Sen. Tammy Baldwin
U.S. Senator Tammy Baldwin and Representative John Garamendi Introduce Reform to Strengthen Buy America Requirements for Federal GovernmentJun 25th, 2019 by U.S. Sen. Tammy Baldwin
Made in America Act supports American businesses, manufacturers and workers
Senators Baldwin, Casey, Murphy Warn That ACA and Medicaid Attacks Will Undermine Efforts to Lower Drug Costs for FamiliesJun 21st, 2019 by U.S. Sen. Tammy Baldwin
Senators Send Letter to President Trump on His So-Called Commitment to lowering Drug Costs
U.S. Senator Tammy Baldwin Secures Amendment To Protect Rail And Bus Manufacturing From China Threat In Senate Defense BillJun 21st, 2019 by U.S. Sen. Tammy Baldwin
"China has made clear its intent to dismantle U.S. railcar and bus manufacturing in its ‘Made in China 2025’ plan."