Craft Beverages Bill
Senator Ron Wyden (OR-D) and Representative Erik Paulsen (MN-R) have introduced the Craft Beverage Modernization and Tax Reform Act, to overhaul Federal excise taxes on beer, wine, and distilled spirits. The Senate bill (S. 1562) has 51 cosponsors; the House bill (H.R. 2903) has 284. The legislation incorporates elements of several proposals: the Brewers Excise and Economic Relief (BEER) Act, the Small Brewer Reinvestment and Expanding Workforce (Small BREW) Act, and the Cider Industry Deserves Equal Regulation (CIDER) Act. It also includes provisions related to the distilling industry. The Federal Government currently collects about $10 billion a year in alcohol…
