ATA recently hosted President Trump in Harrisburg, Pennsylvania, and strongly endorsed the tax reform framework that his Administration worked to define with Congress. We are pleased to see this framework now embodied in legislation working its way through Congress, to the benefit of workers, small businesses, and families across the economic spectrum.
American Trucking Associations supports efforts to reform our nation’s tax code, which will boost the U.S. economy, promote business investment and create good-paying American jobs. Given that trucking is taxed at the highest effective rate of all transportation modes, we fully endorse three basic principles of tax reform:
-Trucking is the backbone of our economy, representing one of every 16 American jobs in the private sector and employing more than 7 million American workers, including 3 million drivers with a median annual income of $55,000.
-Trucks collect nearly 80 percent of America’s freight transportation revenue, and serve every community of our nation—80 percent of which depend solely upon trucks to bring food, clothing, and life’s necessities.
-Trucking is predominantly a small business industry, with 97 percent of our companies operating fewer than twenty trucks.