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Taxes

Owner-operators benefiting from Trump tax cuts, Black Smoke Matters Blame Trump for smaller paychecks

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“Truck drivers hauling for their own business received a lift in 2018 from President Donald Trump’s Tax Cuts and Jobs Act, according to analysis from tax consultancy ATBS.” – According to the article in freightwaves.com and its author John Gallagher Gallagher also wrote – “That assessment, however, which was based on preliminary data compiled from over 3,000 […]

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House bill would boost fuel taxes to try to drum up infrastructure funding

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“Rep. Earl Blumenauer (D-Oregon) on Wednesday announced the introduction of a bill into the U.S. House that would raise per-gallon fuel taxes on gasoline and diesel by five cents a year for five years — and then tie the fuel tax rate to inflation — as a means to raise revenue for surface transportation infrastructure”. […]

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