Home Industry News Releases Craft Beverage Coalition Hosts April 22 “Call to Action” to Urge Economic...

Craft Beverage Coalition Hosts April 22 “Call to Action” to Urge Economic Relief

74
0
Advertisement

Coalition’s 30,000+ Producers Support 5.4 Million Jobs, Generate $562 Billion in Annual Economic Activity

Wine InstituteWASHINGTON, D.C. — Members of the Craft Beverage Coalition representing more than 30,000+ brewers, distillers, vintners, cidermakers and mead producers across the country are hosting a “Call to Action” on Wednesday, April 22 to urge Congress to provide much needed economic support for the industry. As a result of “stay at home” orders issued by state officials, craft producers are struggling to stay afloat as they take innovative steps to keep the doors open, including curbside pickup and local delivery options as well as the production of hand sanitizers and disinfectant sprays. The CARES Act provided initial relief, but much more must be done. The coalition is asking Congress to provide more economic relief so that businesses can weather this crisis, return to normal operations once the crisis is over, and continue supporting jobs and state economies across the country while providing consumers with their favorite products to enjoy responsibly.

The Coalition is asking Congress to take the following actions:

  • Suspend all federal excise tax obligations on domestic and imported alcohol products, effective Jan. 1, 2020, through Dec. 31, 2020 so producers can dedicate scarce resources to payroll and other operating costs.
  • Enact a permanent extension of the Craft Beverage Modernization and Tax Reform Act (H.R. 1175/S. 362), which now has bipartisan support from 74 senators and 343 representatives and would provide certainty amidst economic instability.
  • Approve additional funding to support no- and low-interest loan and grant programs administered by the Department of the Treasury and Small Business Administration, including the Paycheck Protection Program and Economic Injury Disaster Loans.
  • Authorize the Department of the Treasury to create a Workforce Stabilization Fund for the hospitality and travel sectors that will allow distilleries, breweries, wineries, and cideries to keep workers employed, maintain operations, and meet financial obligations.
  • Create temporary tax incentives that encourage consumers to return to on-premise dining and drinking establishments when public health officials determine it’s safe. Examples include reinstating the expanded business entertainment tax deduction and creating a new, temporary travel tax credit equal to 50% of any expense for meals, lodging, recreation, transportation, or entertainment while traveling away from home within the U.S.
  • Encourage the Administration to work with our trading partners to simultaneously suspend tariffs on beer, wine, and distilled spirits products and our supply chain partners.
Join the call to action and help craft producers seek much needed economic relief.
Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.