Bloomberg Tax
April 7, 2021, 8:46 AM

15 Beer and Tax Facts to Toast on National Beer Day

Kelly Phillips Erb
Kelly Phillips Erb

April 7 is National Beer Day. The unofficial holiday (sorry, you won’t get the day off) marks the date that beer was allowed to be legally manufactured and sold following a long, dry Prohibition. On March 22, 1933, President Franklin Roosevelt signed the Cullen–Harrison Act into law, which moved the U.S. away from Prohibition. After he signed, Roosevelt reportedly remarked to his aide Louis Howe, “I think this would be a good time for a beer.”

Prohibition—which remained in place for a few more months—reportedly cost the federal government $11 billion in lost tax revenue, not counting the ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.