Business Tax Breaks Scheduled to End
In 2017, the Republican-led Congress passed the Tax Cuts and Jobs Act (TCJA) using budget reconciliation to avoid a Senate filibuster and its 60-vote threshold. But the tradeoff for this process is that tax breaks benefiting IHA members and other businesses had to be temporary in order to meet budget reconciliation rules. The TCJA boosted […]
Spot Rates Tick Upward
Carriers have tried for months to increase spot rates on containers shipping from Asia to the U.S. Low consumer demand has rendered those attempts futile until now. Carriers believe spot rates have finally hit bottom. This optimism could stem from the uptick in rates the market experienced in July. For the first time this year, […]
