NABI Applauds Permanent Passage Of Craft Beverage Modernizat

NABI Applauds Permanent Passage Of Craft Beverage Modernization Act ...


 
NABI applauds the Congressional Leadership, Members, and dedicated staff who all worked tirelessly to craft the COVID relief legislation helping individuals and small businesses, among others, to greet the New Year 2021 with hope.  Enactment of the Craft Beverage Modernization Act (CBMA) extends permanently the economic benefits that enable importers and producers of wines, distilled spirits, and beer to response to the demands of responsible consumers of these beverage alcohol products.  NABI urges the President to sign the bill quickly so the domestic economy continues to be boosted and jobs maintained and increased by importers. 
For the past three years, the CBMA tax benefits have proven their value in encouraging and creating employee retention and new hiring expansion as well as the acquisitions of new equipment.  These are direct benefits to the United States economy and workers.  Sunsetting of these tax benefits would have devastated jobs in the import and production, transportation, retailer outlets, including hospitality, sectors and capital investments in new equipment. All workers in the global and domestic supply chains reap from these benefits.   

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