Rep. Peter DeFazio testified before the Ways & Means Committee’s Tax Policy Subcommittee on the impact that H.R. 2903, the Craft Beverage Modernization and Tax Reform Act, would have on America’s small brewers.
H.R. 2903 would reduce the excise tax on barrels of beer brewed from $7 per barrel to $3.50 per barrel on the first 60,000 barrels brewed. This would provide significant tax relief for America’s small brewers and help to generate investment in small businesses across the country. The bill would also reduce the federal excise tax on wineries and distilleries.
“Congressman DeFazio has long been a champion for America’s small, Main Street brewers in Oregon and across the country,” said Bob Pease, President and CEO of the Brewers Association. “He truly is a leading voice in the Congress for small brewers and small businesses generally. His testimony today in support of the Craft Beverage Modernization and Tax Reform Act before the House Ways and Means Committee is greatly appreciated by the Brewers Association, the national trade association for America’s small brewers, and brewers all across the country.”
Rep. DeFazio is the founder and co-chairman of the House Small Brewer’s Caucus, which is dedicated to the issues affecting America’s 4,225 small breweries.
Rep. DeFazio’s written testimony of today’s hearing can be found below. For a video of Rep. DeFazio’s testimony, click here.
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