Posts tagged: craft beer
Here’s a news item from the Associated Press: BOISE, Idaho (AP) — Idaho U.S. Sen. Mike Crapo says his bill to cut taxes for small breweries is gaining support, as evidenced by the addition of 24 co-sponsors. Crapo has joined Democratic Sens. John Kerry of Massachusetts and Ron Wyden of Oregon, as well as Republican Olympia Snowe of Maine, as an original sponsor of this push to halve federal excise taxes for smaller breweries. They contend the break to save small brewers about $3.50 per barrel on their first 60,000 barrels annually will leave them more money to invest in workers and supplies. Crapo, a Republican, will be touting his bill this weekend at the Portneuf Valley Brewing Company in Pocatello, though he won’t be sipping a cold, frothy one: He’s a member of the Mormon church, whose adherents don’t drink alcohol. He will join the Idaho Grain Producers Association to discuss the measure’s benefits to agriculture.
Idaho Sen. Mike Crapo is co-sponsoring bipartisan legislation - along with Sens. John Kerry, D-Mass., Olympia Snowe, R-Maine, and Ron Wyden, D-Ore. - to halve the federal excise taxes smaller craft breweries pay, a move his office says “would benefit Idaho brewers and farmers and could boost employment and commerce.” The break for craft brewers also could boost ag products like hops and barley, Crapo said, along with production at growing craft breweries like Laughing Dog Brewery east of Sandpoint. On Monday, Crapo will visit and tour Laughing Dog and discuss the legislation.