Truckers Applaud New Tax Reform But Say Overtime Pay Still Left Behind

0
2K


WASHINGTON, D.C. — The recent passage of a major tax reform bill by the U.S. House of Representatives is bringing financial stability for many truckers, but industry leaders say it still leaves critical overtime pay issues unresolved.

On July 3, lawmakers approved the One Big Beautiful Bill, which extends and modifies key parts of the 2017 Tax Cuts and Jobs Act. Among its headline measures is the elimination of taxes on overtime pay for many blue-collar workers and the extension of estate and individual income tax cuts.

While some trucking organizations welcomed the move, others say it falls short for drivers who are currently excluded from overtime protections under the outdated Fair Labor Standards Act of 1938.

“Eliminating taxes on overtime pay for blue collar workers is a well-intentioned move. Unfortunately, truckers won’t benefit from this key provision… due to their exclusion from overtime protections,” said Todd Spencer, President of the Owner-Operator Independent Drivers Association (OOIDA), in a statement.

Meanwhile, American Trucking Associations (ATA) President and CEO Chris Spear praised the bill, calling it “much-needed certainty for the trucking industry — the backbone of our economy — to grow and thrive.”

“By passing this bill, Congress averted the largest tax increase in our nation’s history. Neither the economy nor our supply chain would have survived such a travesty,” Spear said, adding that most motor carriers, which are small businesses operating ten trucks or fewer, can now plan for the future and invest in better equipment and good-paying jobs.

However, OOIDA continues to urge lawmakers to pass the GOT Truckers Act, which would finally guarantee truckers overtime pay protections and make them eligible for the same tax relief on overtime wages as other workers.

According to ATA, the industry sees the new package as a vital step forward — but drivers’ advocates stress that overtime reform remains a missing piece that Congress needs to fix.

 



Search
Sponsored
Categories
Read More
Trucking News
Blowing Dust Suspected in Fatal Multi-Vehicle Crash on I-10 in Arizona
Investigators believe that blowing dust may have contributed to a major chain-reaction crash...
By Truck Drivers Life 2025-03-03 16:55:24 0 4K
Trucking News
Patrol car ripped apart in “pretty horrific impact” with stopped tractor trailer
A police officer is dead after clipping the back of a tractor trailer stopped on the shoulder of...
By MEGA MISTAKES 2022-05-12 17:08:25 0 11K
Trucking News
One Year of Runaway Ramp Moments: Traffic Cam Highlights from I-24 in Marion, Tennessee
MARION, Tenn. — Over the past year, the runaway truck ramp on I-24 in Marion County has...
By Truck Drivers Life 2025-05-19 21:49:47 0 4K
Trucking News
Motorist checking on deer damage struck by oncoming big rig
A man was killed early on Friday morning while checking his car for damage after a deer strike,...
By MEGA MISTAKES 2022-06-18 12:15:06 0 13K
Trucking News
Trucker accused of chasing road-raging man down freeway with revolver
A truck driver is being held on bond after a road rage incident involving an armed...
By MEGA MISTAKES 2022-04-26 23:35:29 0 10K
Truck Drivers Life | Social Network for Truck Drivers https://www.truckdrivers.life