NEW YORK (CNNMoney) -- Lawmakers can't agree on anything except ... beer.
That's right. Earlier this week, a Democrat joined with a Republican to introduce legislation in the Senate that would lower excise taxes on small breweries.
Currently, breweries pay a $7 dollar tax per barrel for the first 60,000 barrels they produce each year. The bill would drop that fee to $3.50, and for production in excess of 60,000 the tax would fall from $18 per barrel to $16.
The bill is called the Brewer's Employment and Excise Relief -- or BEER -- Act. Sens. John Kerry of Massachusetts and Mike Crapo of Idaho introduced the measure, and were joined by eight Republicans and nine Democrats who signed on as co-sponsors.
Kerry framed the bill as a way to help small breweries compete against the huge multinational companies that dominate the U.S. beer market.
"The craft beer revolution started right here in Massachusetts and they've been going toe to toe with multi-national beer companies ever since," Kerry said in a statement.
Congress considered similar legislation last year, but it was never enacted.
The bill would also modify the definition of a small brewery, raising the barrel limit from 2 million per year to 6 million. The Brewers Association, a trade group that represents small breweries, made a similar change in definition earlier this year.
Nick Matt, chair of the Brewers Association and CEO of F.X. Matt Brewing Company, which brews Saranac, said in January that the change in definition was necessary to accommodate the success of small breweries.
"Rather than removing members due to their success, the craft brewing industry should be celebrating our growth." Matt said in a statement.
The small brewer federal tax rate was established in 1976 and has never been updated. In addition to federal regulations, small breweries must also navigate a series of famously opaque state and local brewing regulations.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.40%||3.39%|
|15 yr fixed||2.66%||2.66%|
|30 yr refi||3.42%||3.42%|
|15 yr refi||2.70%||2.69%|
Today's featured rates:
Martin Shkreli, the reviled drug company CEO who faces federal criminal charges, nearly doubled his $3 million investment in KaloBios. More
Donald Trump has said he doesn't want to touch Social Security or other entitlements. And his campaign says he'd "protect" it. But a key economic adviser thinks the candidate 'might do something different' if he's elected 'because you have to do something different.' More
Uber has hired on Jeff Jones, formerly chief marketing officer of Target, to serve as president of the company. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
With a veto from Gov. Chris Christie, the "Fight for $15" was dealt a setback in New Jersey. But legislators may sidestep Christie and put the question directly to voters in 2017 as to whether they would like to increase the state's minimum wage to $15. More