WASHINGTON, July 21, 2022 (GLOBE NEWSWIRE) — The Beer Institute introduced U.S. Senator Bob Menendez (D-NJ) as certainly one of its “2022 Beer Champions.” Sen. Menendez was acknowledged for his management in securing everlasting excise tax reduction for brewers and pushing for a deferment on federal excise taxes on brewers and beer importers in the course of the pandemic.
“A sincere thank you to Sen. Menendez and our Beer Champions whose ongoing leadership has provided critical support against the challenges our industry is facing,” stated Gavin Hattersley, chairman of the Beer Institute and president and CEO of Molson Coors Beverage Company. “The U.S. beer industry contributes $350 billion to the economy and creates more than 2 million jobs. Sen. Menendez has worked hard to fight against the aluminum pricing process, unfair federal excise tax and other issues that are threatening our industry. We are grateful for his partnership and hope to continue working together in support of the beer industry.”
“From growing crops to brewing and selling beer, the burgeoning beer industry supports New Jersey’s economy and creates jobs in our state,” stated Sen. Menendez. “I’m proud to be named a 2022 Beer Champion and will continue to fight for legislation that ensures the beer industry, especially small breweries owned by families and minorities, are able to build back stronger than ever in the wake of the COVID-19 pandemic.”
In New Jersey, the beer trade helps greater than 38,000 jobs and gives $6.3 billion yearly in financial output.
Sen. Menendez co-sponsored the Craft Beverage Modernization and Tax Reform Act (CBMTRA) to offer everlasting excise tax reduction to America’s brewers and beer importers, making certain they’ve the assets to reinvest of their companies, rent new workers and proceed to innovate and create America’s favourite beers. In 2020, Sen. Menendez signed a letter urging the Treasury to defer deadlines on federal excise taxes on home and imported beverage alcohol by means of December 31, 2022.
The beer trade helps tens of millions of well-paying American jobs in a variety of industries, together with farming, manufacturing, development, retail, the service trade and extra. You can be taught extra in regards to the beer trade’s affect in every state at beerservesamerica.com.
Other 2022 Beer Champions embody:
- Senator Tammy Baldwin (D-WI)
- Senator Tom Cotton (R-AR)
- Senator John Hoeven (R-ND)
- Representative Sanford Bishop (D-GA)
- Representative Ken Buck (R-CO)
- Representative Rodney Davis (R-IL)
- Representative Al Lawson (D-FL)
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The Beer Institute is a nationwide commerce affiliation for the American brewing trade, representing brewers, beer importers and trade suppliers. First based in 1862 as the U.S. Brewers Association, the Beer Institute is dedicated at this time to creating sound public coverage and the values of civic obligation and private duty. For extra updates from the Beer Institute, go to our web site, observe @BeerInstitute on Twitter, just like the Beer Institute on Facebook, and observe the Beer Institute on Instagram.
