A bipartisan Senate duo has introduced legislation they say would create jobs, albeit through an unlikely means: beer.
Sens. John KerryJohn KerryMark Mellman: Debating the debate Johnson links Dem opponent to Clinton email scandal Senate poised to override Obama veto MORE (D-Mass.) and Mike CrapoMike CrapoLawmakers play catch-up as smartphone banking surges Senate panel approves pension rescue for coal miners Bank lobbyists counting down to Shelby’s exit MORE (R-Idaho) on Wednesday introduced the BEER Act — the Brewers Employment and Excise Relief Act — which reduces excise taxes on beer.
The bill cuts the tax on the first 60,000 barrels of beer produced from $7 per barrel to $3.50.
“This bill will help ensure that these small businesses keep people on the payroll and create jobs even during tight economic times,” Kerry said in a statement announcing the legislation.
The bill also would lower the tax rate on production over 60,000 barrels, to $16 per barrel. That, Kerry said, would leave brewers with $27.1 million more a year “that can be used to support significant long-term investments and create jobs by growing their businesses on a regional or national scale."
Additionally, the bill works to incentivize states to produce crops used in beer, like barley and hops.
The measure has 15 co-sponsors.
"I remain optimistic this bill will pass this year to create new jobs and new markets," Crapo said.