News Releases & Statements
ABA Statement on the Connecticut Legislature's Decision on Unclaimed Bottle Deposits
FOR IMMEDIATE RELEASE
November 24, 2008
ABA Press Office
ABA STATEMENT ON THE CONNECTICUT LEGISLATURE'S DECISION ON UNCLAIMED BOTTLE DEPOSITS
Earlier this evening, the Connecticut Legislature rejected escheating unclaimed bottle deposits. The American Beverage Association is the trade association that represents the non-alcoholic beverage industry, which employs more than 220,000 people nationwide and has net sales in excess of $115 billion annually. In response to the Legislature's decision, American Beverage Association Spokesman Craig Stevens said:
"The American Beverage Association joins the 11,000 employees directly impacted by the Connecticut beverage industry in thanking the Connecticut Legislature for rejecting this hidden tax on working families. As directed in the existing law, the unclaimed bottle deposits fund a portion of the $35 million a year needed to support the state's recycling infrastructure. If this funding stream was stripped, jobs in the Connecticut beverage industry, including many held by union workers, would have been lost and hardworking Connecticut families would have faced higher grocery bills.
"We hope that policy-makers continue to reject higher taxes on the middle class, like an expansion of the State's bottle bill. Because any expansion of the bottle bill would mean job losses across the State and a tax hike on families' groceries.
"The beverage industry looks forward to working with Connecticut lawmakers in a constructive and meaningful way to improve our environment without risking Connecticut jobs and while minimizing families' tax burdens."
The American Beverage Association is the trade association representing the broad spectrum of companies that manufacture and distribute non-alcoholic beverages in the United States.