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New Economic Report: Beer Industry Creates 2 Million Jobs, Contributes $328 Billion to U.S. Economy
WASHINGTON, D.C. – Today, the Beer Institute and the National Beer Wholesalers Association released their Beer Serves America economic report on the nation’s beer industry just ahead of Memorial Day, which marks one of the top beer selling holidays of the year and the start of the summer beer-selling season. The study found the U.S. beer industry supports more than 2.1 million good-paying, local jobs in a wide range of industries, including farming, manufacturing, construction and transportation in every community across the country.
Beer Institute Praises Majority of Senate for Supporting Excise Tax Relief for America’s Brewers and Beer Importers
WASHINGTON, D.C. – With Sen. Mazie Hirono (D-HI) adding her name as a cosponsor, the Beer Institute today lauded the 51 U.S. Senators for cosponsoring the Craft Beverage Modernization and Tax Reform Act (S. 362), comprehensive legislation that provides fair and equitable reforms to the federal excise tax for brewers and beer importers of all sizes. The bill now has enough support to pass in the chamber if the legislation came to the Senate floor.
BEER INSTITUTE RELEASES MARCH 2019 DOMESTIC TAX PAID ESTIMATE
WASHINGTON, D.C. – Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for March 2019: The March 2019 estimate is 14,347,000 barrels, a decrease of 2.0% vs. March 2018 removals of 14,646,425. Please note that the estimates reflect revised estimates released by the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Beer Institute Poll: America Wants to Drink a Beer with Betty White
WASHINGTON, D.C. – With National Beer Day approaching on April 7, the Beer Institute released survey results of celebrities Americans said they would most want to join for a beer. The findings: nearly 1-in-5 Americans said they want to drink a beer with 97-year-old actress, Betty White.
BEER INSTITUTE RELEASES FEBRUARY 2019 DOMESTIC TAX PAID ESTIMATE
WASHINGTON, D.C. – Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for February 2019: The February 2019 estimate is 11,198,000 barrels, a decrease of 0.4% vs. February 2018 removals of 11,244,618. Please note that the estimates reflect revised estimates released by the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Beer Institute: One Year After Tariffs, Brewers Are Overpaying for Cansheet
WASHINGTON, D.C. – One year since the 232 tariffs on aluminum took effect, the Beer Institute retained Harbor Aluminum to estimate and detail the impact the tariffs on aluminum cansheet are having on the U.S. beverage industry, including brewers. Research done by Harbor Aluminum, an independent authority on the aluminum industry and its markets, found that while the U.S. beverage industry paid an equivalent to $250 million in Section 232 tariffs for aluminum cansheet during March to December 2018, the U.S.
Beer Institute, American Beverage Association, Brewers Association and Can Manufacturers Institute Praise Re-Introduction of Aluminum Pricing Examination Act
Washington, D.C. – Trade associations representing American’s beer and beverage industries today praised Representatives Al Lawson (D-FL) and Ken Buck (R-CO) for reintroducing the Aluminum Pricing Examination (APEX) Act (H.R.1406), bipartisan legislation that would enhance the Commodity Futures Trading Commission (CFTC) and Department of Justice’s (DOJ) authorities over aluminum price benchmarking entities, including those that publish the Midwest Premium. Created by metal producers years ago, the intent of the Midwest Premium was to reflect the cost of attracting aluminum into North America.
BEER INSTITUTE RELEASES JANUARY 2019 DOMESTIC TAX PAID ESTIMATE
WASHINGTON, D.C. – Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for January 2019: The January 2019 estimate is 12,310,000 barrels, an increase of 1.2% vs. January 2018 removals of 12,167,000. Please note that the estimates reflect revised estimates released by the Alcohol and Tobacco Tax and Trade Bureau (TTB) prior to the shutdown.
Reps. Ron Kind and Mike Kelly Introduce Bill to Grow Craft Breweries and Create Jobs
WASHINGTON, D.C. – Today, U.S. Reps. Ron Kind (D-WI) and Mike Kelly (R-PA) introduced the bipartisan Craft Beverage Modernization and Tax Reform Act (H.R. 1175), which will grow America’s craft beverage industry by reducing the tax burden and restrictive regulations for brewers, cider-makers, distillers, and vintners. “In Wisconsin, our craft brewers produce over one million barrels of beer a year. Not only are our breweries a source of pride and a large part of our state’s culture, but they also support our local economy and create jobs.
Senators Wyden and Blunt Reintroduce Craft Beverage Modernization and Tax Reform Act
Washington, D.C. • The Craft Beverage Modernization and Tax Reform Act (CBMTRA) was reintroduced in the U.S. Senate today with strong support from a broad group of industry trade associations including the beer, wine, spirits, and cider sectors. The legislation, which was first introduced in 2015 to recalibrate federal excise taxes and streamline regulations on alcohol beverage producers, was reintroduced in 2017 by Senators Ron Wyden (D-OR) and Roy Blunt (R-MO), garnering strong support from the majority of Congress as well as industry groups.