Brewers Association Statement on Passage of CBMTRA as Part of Tax Bill

From the Brewers Association:

Bob Pease, president and CEO of the Brewers Association—the not-for-profit trade association dedicated to small and independent craft brewers—issued the following statement on the passage of the Craft Beverage Modernization and Tax Reform Act that is part of the Tax Cut and Jobs Act:

“This is a monumental day for small and independent craft brewers.  America’s small, Main Street brewers—6,000 strong and located in every state and virtually every congressional district in the country—are incredibly pleased Congress has recognized that they have great growth potential. Our expectation is that small brewers will use their savings related to the recalibration of the federal excise tax on beer to invest in their breweries, expand their operations, create more jobs and hire more American workers. We are very appreciative that Congress has enacted these bipartisan, strongly supported measures.

“For the better part of a decade, the Brewers Association has played a central role advocating for tax relief for small brewers. We appreciate all the support and hard work from every corner of the country that brought this to fruition. This is a significant step forward representing over $142 million in annual savings for small brewers. We will continue to build on today’s success to bring even greater economic growth for craft brewers and the communities they serve.”