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WASHINGTON – 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.
Read MoreBeer remains clear beverage of choice for football fans nationwide according to Nielsen WASHINGTON –As millions around the country hit stores this week in preparation for this weekend’s Super Bowl parties, beer remains the number one beverage alcohol of choice on football fans’ shopping lists. According to data provided by Nielsen, last year Americans spent $1.2 billion on beer in the two weeks leading to the Super Bowl, compared to $568 million on distilled spirits and $652 million on wine.
Read MoreWASHINGTON — To commemorate Beer Can Appreciation Day, this morning, the Beer Institute released an animated video, “Cracking the Case of Price Spikes,” highlighting transparency issues in the aluminum market. “America’s brewers purchase more than 36 billion aluminum cans every year, and aluminum is the most significant input cost for our nation’s beer industry,” said Jim McGreevy, President and CEO of Beer Institute.
Read MoreWashington, DC — The Beer Institute—a national trade association representing brewers, beer importers, and industry suppliers—announced it named Bill Young as senior director of health policy and regulatory affairs, bringing more than 25 years of experience working in the beer industry to the Beer Institute team. “I’m blessed to have this opportunity to continue my career with the Beer Institute.
Read MorePresident’s signature ensures U.S. brewers and beer importers will not face a $130 million tax increase in 2020 WASHINGTON — Today, Jim McGreevy, President and CEO of the Beer Institute, released the following statement after President Donald J. Trump signed legislation extending excise tax relief for all brewers and beer importers.
Read MoreSenate moves to provide critical tax relief for U.S. brewers and beer importers WASHINGTON – Today, Jim McGreevy, President and CEO of the Beer Institute, released the following statement after the U.S. Senate passed legislation that would extend popular excise tax relief for all brewers and beer importers. The House of Representatives passed identical legislation earlier this week.
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