In the News
Union Leader: U.S. Rep. Kuster backs bill to cut federal tax on beer by halfU.S. Rep. Kuster backs bill to cut federal tax on beer by half
Henniker, NH,
November 1, 2013
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Nancy Bean Foster
With the state and federal tax burden weighing in at more than $16 per barrel, small breweries are struggling to find a foothold in New Hampshire, but Rep. Annie Kuster, D-NH, said a new bill in the U.S. House could help give local beer producers a fighting chance. On Thursday, the District 2 congresswoman toured the Henniker Brewing Co. with owner David Currier to promote the bill that would cut the federal excise tax in half, from $7 to $3.50 per barrel. The Small BREW Act would reduce the federal tax burden on the first 60,000 barrels produced by breweries that make less than 6 million barrels per year.
HENNIKER — With the state and federal tax burden weighing in at more than $16 per barrel, small breweries are struggling to find a foothold in New Hampshire, but Rep. Annie Kuster, D-NH, said a new bill in the U.S. House could help give local beer producers a fighting chance. On Thursday, the District 2 congresswoman toured the Henniker Brewing Co. with owner David Currier to promote the bill that would cut the federal excise tax in half, from $7 to $3.50 per barrel. The Small BREW Act would reduce the federal tax burden on the first 60,000 barrels produced by breweries that make less than 6 million barrels per year. For Currier, that reduction would mean he could put an additional $26,000 back into his business, instead of into government coffers. Kuster said that by supporting the state's small breweries through a tax break, the companies could hire more employees, expand their businesses, and draw tourists with a taste for craft beer to New Hampshire. "I think people like to buy local," Kuster said. David Paquette, the brewery's sales manager, works hard to get bars and restaurants to carry Henniker Brewing Co. beverages. More than 200 establishments and stores carry the brewery's products in New Hampshire. Paquette said much of his job involves talking to potential customers and letting them sample the product. "In New Hampshire, we will meet everybody who drinks our beer at some point," Paquette said. "We're missing out on that market," Currier said. "I'm excited about any bill that helps small business in New Hampshire grow," said Kuster. |