|Photo Credit: Ángel Franco/The New York Times|
Mr. Boehner, along with fellow House leaders like Representative Eric Cantor of Virginia, Representative Kevin McCarthy of California and Mr. [Paul D.] Ryan, who is the party’s leading crusader for spending cuts, were co-sponsors of a 2009 version of the beer tax break bill, which has never passed. Known as the Brewer’s Employment and Excise Relief, or BEER Act, it would halve the excise taxes on the first 60,000 barrels of beer for small brewers.
Steve Hindy, owner of Brooklyn Brewery, said his company stood to save about $400,000 a year if the tax break was approved.
“The tax break would boost our financial situation and allow us to further expand our business,” he said. “We would be able to create more jobs.”
But the bill has stalled, and none of the four Republican leaders are now sponsoring it. But Bob Pease, chief operating officer of the beer industry group, the Brewers Association, in Boulder, Colo., said that Mr. Ryan’s staff had assured the organization in a private meeting that he would continue to support the bill.
Mr. Ryan’s spokesman, Kevin Seifert, said that the congressman had no plans to sponsor the beer tax break, but he did not address the Brewers Association’s assertion about Mr. Ryan’s private support. Mr. Ryan supports “letting individuals and entrepreneurs keep more of their hard-earned money,” Mr. Seifert said.
I have to say as much as I like craft beer, I never supported this. I don't like these specific and targeted tax breaks in general, but even if I did, why does craft brewing need a specific tax break, the craft beer industry is booming?