WASHINGTON – Senate Republicans have effectively killed tax legislation with truck-friendly provisions that had bipartisan support when it passed the House in January.
The Tax Relief for American Families and Workers Act of 2024, a $79 billion tax package, allows accelerated depreciation for capital investments and provides more generous deductions for interest expenses — provisions that extend expiring benefits that have helped truck owner-operators and which were included in the 2017 Tax Cuts...
https://www.freightwaves.com/news/senate-republicans-block-tax-bill-benefiting-trucking