BA Comes Out Against BEER Act

Dear Client: This morning, sister pub BBD reported on the introduction of the Beer Institute's Fair BEER Act tax reform measure in the House. Terms are as follows (as per bill parlance, we assume):$0 on so much of such beer as does not exceed 7,143 barrels,$3.50 per barrel on so much of such beer as exceeds 7,143 barrels but does not exceed 60,000 barrels,$16 per barrel on so much of such/beer as exceeds 60,000 barrels but does not exceed 2,000,000