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Friday Happy Hour: The Beer Industry Supports Tax Cuts

This is the perfect news update for a Friday afternoon.

The Washington Examiner reports:

Like two guys at a bar who started off fighting but are best buddies by closing time, two beer industry trade groups that had previously been at odds announced Thursday that they were backing a compromise House bill to reform federal excise taxes for golden, sudsy beverages.

In a joint announcement, the Beer Institute, which represents larger brewers including several importers, and the Small Brew Association, which represents the increasingly popular craft brewing industry, announced they were uniting in support of Craft Beverage Modernization and Tax Reform Act, a bill that would lower taxes on both smaller brewers and large ones, including beer importers.

Bob Pease, president of the association, said that while the two groups were often “adversarial” on tax legislation, they had often worked together on other beer-related bills. He credited Sen. Ron Wyden, D-Ore., with forging the underlying basis for a tax proposal both groups could stomach and that other lawmakers might back. Wyden’s Senate version was introduced earlier this month.

Why stop at tax reform for brewing companies? Lowering the tax and regulatory burden on small businesses everywhere would create jobs and spur economic growth. I’d drink to that!

Deneen Borelli

Deneen Borelli is the author of Blacklash: How Obama and the Left are Driving Americans to the Government Plantation. Deneen is a contributor with Newsmax Broadcasting. She is a former Fox News contributor and has appeared regularly on “Hannity,” “Fox & Friends,” “Your World with Neil Cavuto,” and “America’s Newsroom.” She has also appeared on Fox Business Network programs “Making Money with Charles Payne,” “The Evening Edit with Liz MacDonald,” and “Cavuto: Coast to Coast.” Previously, Deneen appeared on MSNBC, CNN, the BBC and C-SPAN. In addition to television, Deneen co-hosted radio programs on the SiriusXM Patriot channel with her husband Tom. Recently, Deneen co-hosted the Reigniting Liberty podcast with Tom. Deneen is a frequent speaker at political events, including the FreedomWorks 9.12.2009 March on D.C. which drew a crowd estimated at over 800,000 people. Deneen is also an Ambassador with CloutHub.com, a social media platform that promotes free speech, and with the America First Policy Institute (AFPI) which advances policies that put Americans first. Deneen testified before the U.S. House of Representatives Committee on Natural Resources in May 2011 and before the Ohio House Public Utilities Committee in December 2011. Previously, Deneen was a BlazeTV.com host, Outreach Director with FreedomWorks.org overseeing its Empower.org outreach program, a Project 21 Senior Fellow, and Manager of Media Relations with the Congress of Racial Equality (CORE). Prior to joining CORE, Deneen worked at Philip Morris USA for 20 years. During her corporate career at Philip Morris she worked in various positions, her last as Project Management Coordinator in the Information Management department where she was responsible for the department’s mandated quality processes, communications, sales information and database management. Deneen began her Philip Morris career as a secretary and advanced to positions of increasing responsibilities. Deneen worked full-time and attended classes at night for 11 years to earn her B.A. in Managerial Marketing from Pace University, New York City. Deneen served on the Board of Trustees with The Opportunity Charter School in Harlem, New York. She appeared in educational videos for children, worked as a runway fashion model, and auditioned for television commercials. Her interests include ancient history, pistol target shooting, photography, and volunteering at her church. Deneen currently resides in Connecticut with her husband Tom.

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