FOR IMMMEDIATE RELEASE
BEER INSTITUTE JOINS TAX RELIEF COALITION
Urges passage of President's Budget Package
Washington, D.C., March 7, 2001 - Enacting President George W. Bush's budget and tax relief package will provide equitable tax relief and restore consumer confidence to help stimulate the sluggish economy, according to the Tax Relief Coalition, a newly formed coalition of industry groups. Beer Institute recently joined the group, which includes organizations such as the National Association of Manufacturing, National Federation of Independent Business, National Association of Wholesale-Distributors and the U.S. Chamber of Commerce.
"Brewers and all consumer product industries benefit from our nation's long-term economic strength and growth. By supporting the new administration's primary policy initiative, we can also reinforce our status as a formidable force in the national economy and as a taxpayer," said Jeff Becker, president, Beer Institute.
While many in the business community hope that fiscal circumstances will allow additional tax relief proposals to be considered by Congress at a later date, the Coalition 'enthusiastically supports and will actively work for enactment of the President's proposal to provide $1.6 trillion of tax relief' a recent memo from the Coalition stated.
The House Ways and Means Committee has already approved the President's tax proposals, with action on the House floor on at least a portion of the package anticipated in early March, according the Tax Relief Coalition. Other economic issues will be considered over the next several months.
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Beer Institute, established in 1986, is the national trade association for the brewing industry, representing both large and small brewers, as well as importers and industry suppliers. The Institute is committed to development of sound public policy and to the values of civic duty and personal responsibility.