At a time when the divisive nature of the United States is receiving much attention, it seems as though we have found a topic that both sides can agree upon: craft beer. In late January, the Craft Beer Modernization and Tax Reform Act was introduced in both chambers of Congress with bipartisan support.
In the U.S. Senate, Ron Wyden (D-OR) and Roy Blunt (R-MO) introduced the bill, while Representatives Erik Paulsen (R-MN) and Ron Kinds (D-WI) introduced it in the House. The bill contains 12 of the original sponsors from the Senate and 13 from the House, according to the Brewers Association (BA). Seeking to recalibrate the current federal excise tax structure for U.S. brewers, the bill will support economic development and job growth, the association adds.