ATA Urges Swift Passage of Tax Cuts and Jobs Act

American Trucking Associations President and CEO Chris Spear sent a letter to Members of Congress expressing ATA’s strong support of the Tax Cuts and Jobs Act and urging for the bill’s swift passage.

In the letter, Spear said, “We fully endorse the three basic principles embodied in the tax reform package—lowering tax rates on business income, broadening the tax base to render it more equitable and significantly simplifying the enormously complex tax code—as they will all benefit motor carriers. Lowering the corporate rate will free up cash to invest in newer, safer, cleaner and more efficient equipment, while also helping carriers pay drivers more and make necessary investments in workforce development. Broadening the tax base to allow such rate reductions will eliminate special tax breaks enjoyed by industries that are more heavily dominated by large business entities than trucking. Tax simplification will alleviate the very considerable burden of compliance the current tax code imposes on small businesses.

“We believe the package as a whole represents the best chance in 30 years to accomplish the tax reforms that all elements of the American economy so vitally need. Compromises may be necessary, but I urge you to support the expeditious enactment of comprehensive tax reform. None of us can afford to miss the opportunity the Tax Cuts and Jobs Act represents.”

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Terry Mulreany
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