Breweries Get Tax Break In New Tax Bill

The new tax overhaul includes a two-year cut in the excise tax for brewers, vintners and distillers. The economic impact could be especially beneficial to Texas, home of about 200 craft breweries and two global giants - MillerCoors in Fort Worth, and Anheuser-Busch in Houston.  

A spokesman for the Brewers Association says small brewers nationwide will create thousands of jobs over the next year or two, as well as buying new equipment and producing more beer.  He says he hopes Congress will make the tax cuts permanent.

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