Trucking Industry Backs Trump Tax Reform, Praises Healthcare Executive Order

The trucking industry supports President Donald Trump’s call for tax reform and urged Congress to pass it by the end of the year. The industry pays the highest corporate tax rate of any transportation mode, said Chris Spear, president and CEO of American Trucking Associations.

The president looks to cut the corporate income tax rate to 20%, from 35%.

“The current tax structure limits many trucking companies ability to invest in their drivers, equipment, safety technologies and improvements in productivity,” said Shannon Newton, president of the Arkansas Trucking Association.

“ATA supports tax reform that encourages trucking companies to invest in new, safer environmentally friendly equipment, critical safety technologies, their drivers and promotion of the safer, more efficient movement of our nation’s goods.”  MORE

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