How the Bill Is Bad for Trucking
While all those tax exemptions sounds like a big boon for the trucking industry, there are some downsides that will have an impact on businesses of all sizes.
For starters, the “no tax on overtime” provision does not include truckers, a big hit to the industry. Because of the Fair Labor Standards Act of 1938, truckers are ineligible for overtime in general, which means they won’t get to enjoy the benefits of this part of the OBBB.
