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Craft Beverage Modernization and Tax Reform Act would permanently cut taxes and modernize outdated regulations for craft breweries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 The Craft Beverage Modernization and Tax Reform Act would permanently cut taxes and modernize outdated regulations for brewers, as well as cider makers and distillers, to further promote job creation in each industry.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
Baldwin, Colleagues Urge Robust Funding for State and Local Governments to Distribute COVID-19 VaccinesNov 23rd, 2020 by U.S. Sen. Tammy Baldwin
Public health experts have estimated that a minimum of $8.4 billion is needed for COVID-19 vaccine distribution efforts
Baldwin, Colleagues Urge Administration to Send Medical Staff to Support States with Rise in Coronavirus InfectionsNov 13th, 2020 by U.S. Sen. Tammy Baldwin
This week hospitalizations due to coronavirus infection peaked in at least 22 states, and 23 states currently have over 1,000 patients hospitalized with coronavirus (COVID-19) infections