tax reform
Government, Business, Equipment, Logistics

Tax Law Sparks Questions on Purchases, Raises in Trucking

Dohrn Transfer Co. truck Dohrn Transfer Co. gave $1.2 million to its employees by including $1,000 bonuses in their Jan. 29 paychecks (TT File Photo)

As transportation companies reap the rewards of tax relief stemming from the new tax law, some CEOs have reinvested the extra cash into new tractor-trailers or bonuses for their employees.

Ari Ashe | Staff Reporter
February 12, 2018

Opinion: Tax Reform’s Opportunities for Trucking Require Planning, Analysis

The Tax Reform and Jobs Act of 2017 slashes corporate rates, offers full expensing on qualifying new and used equipment purchases, repeals like-kind exchanges on revenue equipment and other personal property — including tractors and trailers — and repeals the itemized deduction for unreimbursed employee driver expenses.

Russell Norris | National Transportation & Logistics Practice Leader, Grant Thornton
January 17, 2018
Government, Business, Technology, Equipment, Safety, Logistics, Autonomous

Capitol Agenda: The Best of 2017

Marcia Hale, Eugene Mulero Building America's Future President Marcia Hale with Transport Topics' Eugene Mulero. (Transport Topics via YouTube)

No matter your place on the political spectrum, it is undeniable passage of the Republican-led tax reform measure was a monumental feat. This week we highlight our favorite news items from Capitol Agenda in 2017.

Eugene Mulero | Staff Reporter
December 26, 2017
Government, Business

Trucking Executive Outlines Tax Reform’s Benefits for Industry

Pottles Truck Pottle's Transportation

The incoming tax reform bill could be a welcome holiday gift for truckers, according to Barry Pottle, president of Pottle’s Transportation and first vice chairman of American Trucking Associations.

Eleanor Lamb | Staff Reporter
December 21, 2017

AASHTO to Tax Leaders: Advance Private Activity Bonds

The national group representing state transportation directors again called on tax policy leaders on Capitol Hill to produce tax reform legislation that would help advance infrastructure projects.

Eugene Mulero | Staff Reporter
December 8, 2017
Government, Business

Senate Passes Tax Reform Bill

Mitch McConnell McConnell by Timothy D. Easley/AP

WASHINGTON — Congressional Republicans came closer to delivering for President Donald Trump his first major legislative achievement Dec. 2 when the Senate advanced a tax reform bill, 51 to 49, along party lines.

Eugene Mulero | Staff Reporter
November 28, 2017
Government, Business

Capitol Agenda for the Week of Nov. 27: Congress’ End-of-the-Year Tasks

Speaker of the House Paul Ryan (left), Senate Majority Leader Mitch McConnell Speaker of the House Paul Ryan (left) and Senate Majority Leader Mitch McConnell are among congressional Republican leaders who are urging the passage of tax reform legislation before the end of the year. (PBS News Hour via YouTube)

With December fast approaching, congressional leaders are rushing to finalize an ambitious to-do list that includes tax reform, funding for the federal government, immigration policy and disaster relief for regions struck by hurricanes. Here's the week ahead for trucking on Capitol Hill.

Eugene Mulero | Staff Reporter
November 27, 2017
Government, Business

Senate Tax Bill Retains Private Activity Bonds

Rep. Kevin Brady Andrew Harrer/Bloomberg News

A tax reform measure in the Senate would retain an infrastructure financing tool the private sector says helps advance big-ticket projects, while a similar House-passed bill would eliminate it.

Eugene Mulero | Staff Reporter
November 16, 2017
Government, Business, Logistics

Capitol Agenda for the Week of Nov. 6: Tax Reform Cometh

President Donald Trump White House via YouTube

The leader of a group representing a large portion of the trucking industry is urging lawmakers to advance a tax reform bill the Republican-led tax-writing House Ways and Means committee will consider for most of this week.

Eugene Mulero | Staff Reporter
November 6, 2017
Government, Business

Video: ATA Chairman Kevin Burch Talks Tax Reform on Fox

ATA Chairman Kevin Burch on Fox

About 13 hours after President Donald Trump saluted ATA Chairman and Jet Express President Kevin Burch for his 40-plus years in trucking, Burch appeared on Fox News' "Fox & Friends" morning program Oct. 12, pointing out that the need for small-business tax reform shouldn't be a partisan issue.

Transport Topics
October 12, 2017