Beer Business Daily – beer industry news and numbers

Reader Tax Bill Trepidation

Dear Client:Well, as expected, and we reported yesterday morning, the 115th United States Congress passed H.R.1, the Tax Cuts and Jobs Act Wednesday. It contained the Craft Beverage Modernization and Tax Reform Act, which will implement Jan 1.Most in the beer realm were happy.Beer Institute estimates that "federal excise tax relief for brewers and beer importers could create an additional $320 million in annual economic growth in an industry that today supports more than 2.2 million American jobs and generates

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