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If you want to know where our economy is headed, just ask a trucker. The problem is they are harder to find now than ever before. A nationwide shortage of available truck drivers is straining the supply chain, causing delays in the delivery of fuel, furniture and other goods and increasing the price on everything. When trucks are moving, the economy is growing. But today thousands of trucks sit idle because motor carriers can’t find qualified drivers to operate them. There’s no single cause for the shortage. It’s a multi-faceted issue driven by cyclical and structural factors throughout the supply chain, playing out in Canada, Mexico and overseas as well. While the capacity crunch has been felt on-and-off for decades, it was exacerbated by COVID-19 after DMVs and driver training schools shuttered and greater numbers of aging drivers opted for retirement. ....
The two agencies, representing a combined nearly 200,000 industry stakeholders, penned a letter to the Senate Committee on Finance. Read CCJ for more. ....
May 19, 2021 Sen. John Cornyn (R-TX) suggested method would levy 25-cents for every mile driven, tracked via government-mandated devices that report the data back to the IRS. Sen. John Cornyn (R-TX) on Tuesday suggested using a truck-only vehicle miles traveled tax during the Senate Finance Committee s hearing on infrastructure funding. His suggested method would levy a tax of 25-cents for every mile driven. The mileage would be tracked via government-mandated devices that report the data back to the IRS. Tuesday marked at least the second time Cornyn has eyed a potential trucking-exclusive tax, having previously floated the idea in 2019 to support a five-year highway bill. ....