December 09, 2020 1 min read

CFA Opposes Craft Beverage Modernization and Tax Reform Act

CFA TC

CFA joined Center for Science in the Public Interest and the U.S. Alcohol Policy Alliance in the following letter to members of Congress, urging them not to extend tax cuts for alcoholic beverage manufacturers, first passed under the  Tax Cuts and Jobs Act of 2017. Sold to the public as a bill to help small business, these cuts are instead a massive windfall for the largest alcohol companies, with only around five percent of the tax cuts benefitting actual craft brewers or distillers. Rather than increase the availability of alcoholic beverages, and contribute to further damage to public health with unwarranted tax cuts, the letter urges Congress to help inform consumers about the risks associated with alcohol and pass legislation requiring a cancer warning statement on alcohol. Although alcohol consumption represents the third largest contributor to cancer cases in the United States (behind smoking and obesity), surveys indicate that fewer than half of U.S. adults know that alcohol increases cancer risk.

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