With at least three Senate seats flipped from Democrat to Republican — giving Republicans a two-seat majority — Trump will attempt to exert influence on Congress as lawmakers grapple with major tax reforms in 2025.
Trump supports lowering the corporate tax rate from its current 21% — which was lowered from 35% in 2017 during his first administration through the Tax Cuts and Jobs Act — to as low as 15% for companies that make their products in the U.S.
Loren Smith, president of the strategic...
https://www.freightwaves.com/news/proposed-trump-tax-cuts-expected-to-be-a-boon-for-freight