Proposed changes to federal tax code would allow businesses to expense more business costs for tax deduction, provide relief to businesses impacted by certain disasters, and expand the Child Tax Credit.
The Automotive Service Association (ASA) supports the bipartisan and bicameral tax framework announced by U.S. Senate Finance Committee Chairman Ron Wyden (D-OR) and U.S. House Ways and Means Committee Chairman Jason Smith (R-MO). Independent automotive repair businesses are currently confronting a litany of unique pressures that undermine their potential to thrive. These challenges include adapting to rapidly advancing automotive technologies, a shortage of technicians capable of handling these new
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