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Jim McGreevy, Beer Institute president and CEO, delivered the remarks below to representatives from the Department of Agriculture and Health and Human Services on the Scientific Report of the 2020 Dietary Guidelines Advisory Committee: Good morning: I would like to start by thanking you for the opportunity to provide my perspective today.
Read MoreWASHINGTON – Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for June 2020: The June 2020 estimate is 16,600,000 barrels, an increase of 4.4% vs. June 2019 removals of 15,901,000. The Beer Institute estimates for March 2020, April 2020, May 2020 and June 2020 are expecting significant revisions as TTB Industry Circular 2020-2 has postponed reporting requirements for filing and payment due dates for up to 90 days.
Read MoreWASHINGTON – Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for May 2020: The May 2020 estimate is 14,216,000 barrels, a decrease of 6.6% vs. May 2019 removals of 15,216,000. The Beer Institute is expecting significant revisions for March 2020, April 2020, May 2020, and future months’ estimates as TTB Industry Circular 2020-2 has postponed reporting requirements for filing and payment due dates for up to 90 days.
Read MoreToday, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for April 2020: The April 2020 estimate is 13,500,000 barrels, a decrease of 4.9% vs. April 2019 removals of 14,200,000. The Beer Institute is expecting significant revisions for March 2020, April 2020, and future months’ estimates as TTB Industry Circular 2020-2 has postponed reporting requirements for filing and payment due dates for up to 90 days.
Read MoreIn a letter sent April 23 to Secretary of Treasury Steven Mnuchin, U.S. beverage alcohol associations urged the Administration to provide parity in the deferral of federal excise taxes payment for domestic and imported wine, beer and distilled spirits in response to the outbreak of COVID-19. (Click here to view the letter). Earlier this month, the U.S. Alcohol and Tobacco Tax and Trade Bureau allowed all U.S.
Read MoreWASHINGTON – Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for March 2020: The March 2020 estimate is 14,300,000 barrels, a decrease of -0.5% vs. March 2019 removals of 14,370,000.
Read MoreWASHINGTON – Today, Jim McGreevy, president and CEO of the Beer Institute, and Bob Pease, president and CEO of the Brewers Association, released the following statement after sending a letter urging state legislators to defer the collection of state excise taxes on beer: “Every year, our nation’s beer industry pays more than $1.5 billion in state and local excise taxes.
Read MoreWASHINGTON – With National Beer Day approaching on April 7, the Beer Institute released survey results of the actor or actress, athlete, and musician Americans said they would most want to join for a beer. The findings: Americans would most like to share a beer with actor and former professional wrestler Dwayne “The Rock” Johnson, four-time Super Bowl MVP Tom Brady, and 11-time Grammy award winner Lady Gaga.
Read MoreWASHINGTON – Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for February 2020: The February 2020 estimate is 11,350,000 barrels, a decrease of -0.7% vs. February 2019 removals of 11,431,000. Domestic Tax Paid – TTB (31 Gallon Barrels) Month 2019 2020 Percent Change Volume Change January 12,398,000 12,325,000 -0.6% -73,000 February 11,431,000 11,350,000 -0.7% -81,000 YTD 23,829,000 23,675,000 -0.6% -154,000 Please note that the estimates above reflect revised estimates released by the TTB.
Read MoreEarlier today, Reuters published a piece, “How U.S. aluminum recyclers reap dividends from tariffs.” The article provided analysis from HARBOR Aluminum detailing how America’s brewers, who are currently facing significant economic pressures due to the COVID-19 pandemic, are paying millions of additional dollars for aluminum ostensibly because of tariffs even though less than 15% of the new tariff costs are going to the U.S. Treasury.
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