Washington, D.C. – U.S. Senators Susan Collins and Angus King joined a bipartisan group of 55 of their colleagues in urging Senate leadership to include the Craft Beverage Modernization and Tax Reform Act in the next legislative package. Making permanent a temporary measure in the 2017 tax reform law, the legislation provides excise tax relief to the growing craft beverage industry, helping these entrepreneurs reinvest more in their businesses and our communities.
“It is imperative that the Craft Beverage Modernization and Tax Reform Act be included in the next appropriate legislative package and acted upon before the end of the year,” the Senators wrote. “As businesses struggle to retain workers and stay open, allowing the current rates to lapse would force many businesses across the country to lay off workers or close their doors permanently. With the support of 77 Senators and 351 Representatives, this bill is a bipartisan priority and an important economic lifeline to thousands of businesses across the country.”
In addition to Senators Collins and King, the letter was signed by Senators Ron Wyden (D-OR), Rob Portman (R-OH), Dan Sullivan (R-AK), Chris Coons (D-DE), Tom Tillis (R-NC), Jon Tester (D-MT), Mike Braun (R-IN), Dianne Feinstein (D-CA), John Barrasso (R-WY), Michael Bennet (D-CO), Kevin Cramer (R-ND), Chris Van Hollen (D-MD), Jim Inhofe (R-OK), Jeff Merkley (D-OR), Joni Ernst (R-IA), Tom Carper (D-DE), Tammy Duckworth (D-IL), Kelly Loeffler (R-GA), Mazi Hirono (D-HI), Jerry Moran (R-KS), Gary Peters (D-MI), John Boozman (R-AR), Sherrod Brown (D-OH), Marsha Blackburn (R-TN), Amy Klobuchar (D-MN), Shelley Moore Capito (R-WV), Tina Smith (D-MN), Mike Rounds (R-SD), Tammy Baldwin (D-WI), Deb Fischer (R-NE), Chris Murphy (D-CT), Roger Wicker (R-MS), Marco Rubio (R-FL), Maggie Hassan (D-NH), John Hoeven (R-ND), Maria Cantwell (D-WA), Todd Young (R-IN), Kyrsten Sinema (D-AZ), Steve Daines (R-MT), Catherine Cortez-Masto (D-NV), Josh Hawley (R-MO), Jeanne Shaheen (D-NH), Ron Johnson (R-WI), Jacky Rosen (D-NV), Kirsten Gillibrand (D-NY), Ben Cardin (D-MD), Dick Durbin (D-IL), Bob Casey (D-PA), Cory Booker (D-NJ), Martin Heinrich (D-NM), Patrick Leahy (D-VT), Robert Menendez (D-NJ), Patty Murray (D-WA), Brian Schatz (D-HI), and Debbie Stabenow (D-MI).
Click HERE to read the full letter.