While visiting a truck dealership in Burnsville, Minn., President Donald Trump touted tax cuts passed by Republicans in 2017, even as the law has swelled the deficit and failed to gain traction with voters in last year’s midterm elections.
WASHINGTON — The trucking industry continues to experience economic benefits resulting from the recently enacted federal tax overhaul, the chairman of American Trucking Associations told House Republican leaders on Capitol Hill on April 17, the country’s deadline for filing taxes.April 17, 2018
The trucking industry is definitely having a moment. Recently, an industry executive spoke from the White House about the positive effects federal tax reform has had on his business, and a noted industry economist predicted that trucking likely has several good years ahead of it before the threat of an economic downturn might rear its ugly head. Plus, sales of new trucks just keep rising.April 16, 2018
A trucking executive and truck driver joined President Donald Trump at the podium during an April 12 White House Rose Garden event held to discuss the effects the tax reform law passed by Congress in December had on businesses.
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.
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.
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.December 26, 2017
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.
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.December 8, 2017
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.November 28, 2017