ATA President Spear Calls for Litigation Reform and Repeal of Federal Excise Tax – Support for Thriving Trucking Industry

Key Take-Aways:

– ATA President Chris Spear calls for litigation reform and the repeal of a federal excise tax on new trucks.
– The trucking industry faces challenges regarding excessive litigation costs and the burden of the federal excise tax.
– Spear highlights the importance of these reforms in order to support the growth and success of the trucking industry.

Summary:

During his State of the Industry address, ATA President Chris Spear highlighted the need for litigation reform and the repeal of a federal excise tax on new trucks. Spear emphasized that excessive litigation costs are hindering the growth and success of the trucking industry. He also stressed that the federal excise tax placed on new trucks is burdensome and inhibits investment in new equipment. Spear called for these reforms to alleviate these challenges and create a more favorable environment for the trucking industry to thrive.

Hot Take:

The trucking industry has long been plagued by excessive litigation costs and the burden of federal taxes. It’s high time for reform to level the playing field and ensure the prosperity of this crucial industry. Spear’s call to action is a step in the right direction, showing his commitment to fighting for the truckers and their ability to keep America moving.



This blog post has been generated using the information provided in the article:”Spear Targets Truck Excise Tax, Legal Reform” by “Eugene Mulero”.

Check it out at: https://www.ttnews.com/articles/spear-excise-tax-legal-reform.

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