Groups like ATA, NPTC, MEMA and others signed a letter sent to Congress that argues for repeal of the Federal Excise Tax on the sale of new heavy-duty trucks and trailers.
A coalition of commercial truck dealers, trade association executives and other trucking industry stakeholders rallied on Capitol Hill on June 19, to urge congressional support for legislation repealing the federal excise tax.
Analysis of over 3,000 owner-operator tax returns has shown an overall positive impact on owner-operators, according to American Truck Business Services, a tax, consulting and bookkeeping firm for the transportation industry.
Representatives Doug LaMalfa (R-CA) and Collin Peterson (D-MN) have introduced a bill, H.R. 2381, that aims to repeal the federal excise tax and was applauded by several truck dealer associations that have been actively pushing for its removal.
President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.
American Truck Dealers chairwoman Jodie Teuton announced the launch of a new coalition of trucking industry stakeholders that aims to repeal the federal excise tax on commercial truck sales.
With tax reform enacted, so far GDP has only grown at 2.3% annual rate in the first quarter of 2018, slightly down from the end of 2017. We were hoping for a boost in growth, but so far that hasn't happened. Analysis by Business Contributing Editor Evan Lockridge.
Werner CEO Derek Leathers and Operation Freedom driver Quentin Ward were among the "everyday Americans" speaking Thursday at a press conference in the Rose Garden on the benefits of the tax reform bill signed into law by President Trump last December.
The way we pay for federally funded road and bridge projects hasn’t changed over the past 25 years and a fuel tax increase may provide the needed funding for our crumbling infrastructure. Analysis by Business Contributing Editor Evan Lockridge.
Fleets need to be aware of 2018 tax changes, because the way they procure their equipment can have a significant impact to their overall business, bottom line and financial performance. One leasing company explains how some of these changes affect the lease-vs.-own decision.