Is it time for another Beer Summit? The U.S. subsidizes corn syrup-filled soda pop but taxes the hell out of small and independent craft brewers who are making delicious artisanal beer and bringing jobs to American Main Streets. Let’s have a sip of wisdom, shall we? Here’s my first Op-Ed, for Bloomberg Voices, on the subject of taxes, job creation, and American craft beer. Let me know what you think.
GIVE ECONOMY HOPS WITH MICROBREW TAX CUT
With the president and Congress mired in partisan backbiting, many lawmakers may be tempted to retreat to a dark room for a cold beer. They would do well to make that a craft beer.
Various high-ranking senators and representatives have been working on a pair of bills that not only would make craft brewing more competitive, but may also make a small contribution to helping relieve the nation’s grinding unemployment.
This legislation would roll back excise taxes on small brewing companies by anywhere from 11 percent to 50 percent. The current tax rates, adopted in 1976 before the rise of micro- and craft breweries in the 1990s, have never been updated, requiring many brewers to pay levies calibrated for much larger operations once considered small…[Read More]