The American Trucking Assns. (ATA) said it supports the White House Economic Growth and Jobs Package announced last week by President George W. Bush.
ATA president William Canary said that by giving households permanent tax relief, a family’s willingness to consume will also increase.
"With increase consumption, businesses like trucking, manufacturing and retailers will witness higher rates of growth," Canary wrote in a letter to Bush. "This will also serve to increase capital expenditures, which in turn will further increase truck freight volumes."
The White House Economic Growth and Jobs Package would allow earlier tax write-offs for equipment purchases, which Canary said is a key provision for the trucking industry, especially for smaller carriers.