• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • About Craft Brewing Business

Craft Brewing Business

Professional Insight, Unfiltered

  • News
  • Business & Marketing
  • Ingredients & Supplies
  • Packaging & Distribution
  • Equipment
  • Webinars & White Papers
  • COVID-19

Beer Institute names Ohio Senator Rob Portman a 2018 Beer Champion

September 6, 2018Pretty Much a Press Release

Where’s the keg I can attach this to?

Beer Champion is an awesome title. The Beer Institute just bestowed it to U.S. Senator Rob Portman (R-OH) as one of the Beer Institute’s 2018 Beer Champions. The senator was selected for his leadership in championing policies that provide tax relief for all brewers and beer importers and encouraged free trade.

“America’s brewers and importers are pleased to honor Senator Portman. His tireless efforts to build support for policies that enable our nation’s breweries and beer importers to continue to innovate, ensuring they can quench the thirst for America’s most popular alcohol beverage,” said Jim McGreevy, president and CEO of the Beer Institute. “I look forward to continuing to work with him on issues that will allow brewers and beer importers of all sizes to create even more good-paying jobs in America.”

“I’m honored to be selected as one of the Beer Institute’s 2018 Beer Champions. Ohio is fifth in the nation in craft beer production, and the beer industry supports 81,000 Ohio jobs. I’ve visited many breweries across the state, heard about the needs and challenges facing this growing industry, and tasted some of the impressive products that come from local Ohio businesses,” said Senator Portman. “I introduced a provision in the Tax Cuts and Jobs Act to help the brewing industry by lowering its excise tax burden, and I’m incredibly pleased with the results. Brewers throughout Ohio and across the country are reinvesting in their workers, businesses, and communities — the exact goal of my amendment and a strong justification for making these provisions permanent. I’ll continue working to represent the interests of the Ohioans I represent and the many breweries across the Buckeye State.”

Ohio is home to 320 breweries, and the beer industry helps create 81,000 jobs in the state.

“In Washington, Senator Portman’s leadership on our industry’s behalf is apparent in the important policy changes he’s working to put in place. What’s probably less apparent is all the time he has spent listening to brewers. He’s met with us many times and he’s worked to really understand our challenges and concerns,” said Bill Boor, CEO of Great Lakes Brewing Co. “Senator Portman has earned our appreciation and his work is helping us invest in our breweries and people.”

Senator Portman authored an amendment to include provisions in the Craft Beverage Modernization and Tax Reform Act into the Tax Cuts and Jobs Act, which President Trump signed into law in December 2017. The new law provides temporary federal excise tax relief to brewers and beer importers. As a result of the law, brewers and beer importers have resources to reinvest in their businesses, hire new employees and continue to innovate and create America’s favorite beers. However, this tax relief is scheduled to expire on December 31, 2019, unless Congress acts to extend the new excise tax rates or make them permanent.

The excise tax relief will save U.S. brewers and beer importers $130 million and yield $320 million in annual GDP growth, according to the Beer Institute.

stacked barrels crop
Beer Institute releases September 2020 domestic tax paid estimates, and of course you’re interested
Wall of MicroStar Kegs
Beer Institute releases August 2020 domestic tax paid estimate (expect revisions)
beer barrels
Beer Institute releases July 2020 domestic tax paid estimate, adds 200,000 bbls to March because of delayed reporting
brewery taxes TTB
Beer Institute releases June 2020 domestic tax paid estimate, postponed reporting will skew it

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Latest News

  • Distribution Update: Reuben’s Brews to Colorado and UK, Bent Water to Jersey, Bale Breaker to southern Idaho and lots more
  • ’90s style, pandemic survival and solar-powered seltzers lead this week’s beverages to know
  • Left Hand Brewing opening taphouse, restaurant in mixed use project near Denver
  • Hard seltzer, FMB keep separating from craft beer in Beer Purchasers Index

Sign up for our newsletter

unsubscribe from list

Most Popular Today

Recent Features

  • Distribution Update: Reuben’s Brews to Colorado and UK, Bent Water to Jersey, Bale Breaker to southern Idaho and lots more
    March 8, 2021
  • SunDay_cans’90s style, pandemic survival and solar-powered seltzers lead this week’s beverages to know
    March 8, 2021
  • DuClaw Unicorn Farts can beer 1To enjoy DuClaw Brewing’s special edition Unicorn Farts beer, you’ll need to stick your poop in the mail and get screened for colon cancer
    March 4, 2021
  • beer flow pour glass multiple pictures data-001The beer flow: tallboys are trending, top IPA SKUs and on-premise taps continue to pour more
    March 3, 2021
  • Innokeg CombiKegKHS keg fillers updated to be more sustainable, efficient
    March 3, 2021
  • Summit IPA variety packIPA sales growth continues thanks to subcategories, according to 2021 IPA Forecast
    March 2, 2021

Footer

  • Email Newsletter Sign Up
  • About Craft Brewing Business
  • Contact Us
  • Advertise on Craft Brewing Business
  • Media Kit Download
  • Privacy and Terms

© 2021 · CBB Media LLC

Continue ...

sponsored by