While not everyone is excited about President Trump's new tax reform bill, local brewers across the nation and here in San Antonio are celebrating it. They claim the new bill supports their small businesses and will help them grow in the future.
Joey Villareal has owned Blue Star Brewing Company in San Antonio for more than 20 years. He said the newly-passed tax reform bill will give his small business a needed break this coming year.
"My hope and belief is any kind of incentive you can give to a small business to grow their business is going to help them do better. They're going to make a living. They're going to be able to pay living wages and grow their business," Villareal said.
The new tax bill would reduce the federal excise tax from $7 to $3.50 for the first 60,000 barrels for all brewers who produce fewer than two million barrels. It would also reduce the excise tax from $18 to $16 for the first six million barrels for all other brewers.
Blue Star produces less than 1,000 barrels of beer a year, and Villareal said he expects to save around $2,500 next year.
"Every little bit counts and helps. It's definitely a good thing," he said.
Over at Ranger Creek Brewing & Distilling, co-founder TJ Miller said he expects to save more than $100,000 next year between the break on beer and the relief on liquor.
"Things like this are important to us. We're a small business. We're not flushed with cash, so little changes can make a big difference," Miller said.
Both men said they plan to use the money they save to reinvest and grow their businesses.
"Everything we make is reinvested in growth anyway, so this would just be put right back into growing the business," Miller said.