Barry Clark 
Member since Jun 2, 2016


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Re: “S.C. Brewers Guild director in D.C. to lobby for lower brewery taxes

From the article: “Opening a brewery is the new American dream and the quintessential American success story,” says Bristow. “Day in and day out, South Carolina brewers are creating jobs, as well as innovative products that are transforming communities through economic development.”

The main talking point of the booze lobby is economic; they would reinvest a tax cut into their businesses. What business, booze or otherwise, would not say that? Most brewers already have a tax break. Their federal tax was reduced in 1977 to $7/barrel for the first 60,000/year. According to the beer lobby, 98% of the brewers produce less than that amount. Large brewers pay $18/barrel. Inflation has reduced the effective tax rates.

The small brewers focus on more alcoholic “craft” beers. For example, Bristow displays a large picture on his website of “Pirate Bomb,” a beer with 13% alcohol. It seems the plan is to grow alcohol consumption. If increased employment is the objective, there are better alternatives, such as a tax break for new hiring, for all businesses.

The US charges lower alcohol excise taxes on small to medium domestic producers than on imports. The proposed law would further tilt the playing field against imports. It could scuttle a trade agreement that the US is negotiating with the European Union. It would also invite retaliation by other countries.

0 of 5 people like this.
Posted by Barry Clark on June 2, 2016 at 7:17 PM
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