The GOP’s $2 trillion infrastructure bill has already helped create a huge amount of jobs and billions in federal spending.
But it also has created a massive new problem.
For months now, the GOP-led Congress has been trying to figure out how to tax the logistics industry to make it more competitive, a plan that has led to a whole new round of lobbying and PR warfare.
And now a new report from the Center for Public Integrity shows that the GOP is trying to turn the U-Haul, UPS, and other logistics companies into an industrial complex of its very own.
The Center for American Progress is calling it a “major transformation of logistics” and highlighting the efforts by Republican lawmakers and lobbyists to create a new type of company.
The report, “The Republican Lobby: How Lobbyists and Special Interests Target the UHaul Logistics Industry,” says the U’s and UPS’s efforts to expand the logistics services they provide are a big part of what’s causing the problem.
The bill would create a special tax credit for U-haul and UPS that would let the firms keep more of the revenue than they already receive.
The special tax break would increase the tax bill for UH and UPS to nearly $1 trillion by 2025, the report says.
But the lobbyists and special interests that are pushing for this tax credit aren’t the only ones who want it.
It also says the bill is designed to reward large logistics companies that are able to shift more jobs from the U to the U and other states.
For example, the bill would give a 20 percent tax credit to the companies that move more than 20,000 jobs to other states and territories in 2025, it says.
That’s a big boost to the bottom line of the biggest logistics companies.
But the bill also would give the biggest U-haul and UPS companies a 20% tax credit on all U-pack sales to the United States, it adds.
This would boost profits by more than $1 billion a year.
But there’s a catch: If the companies shift the jobs to another country, they would have to pay the taxes.
The lobbyists and the special interests are also trying to use the new tax credit as a way to make up for a tax loophole they created in the U.-haul business, the Center writes.
The U-Pack tax break allows for companies to shift some of the jobs from one country to another for tax purposes.
And companies can shift jobs between states and to other territories if they do this to meet certain criteria.
But under the U, the lobbyists want to make the tax break permanent, the Report says.
The bill would change this by giving the special tax deduction to the big U-packs companies.
The tax breaks would apply to both U-loaders and UPS, but the bill’s authors don’t specify what the tax credit would be for U.pack sales.
The Senate Finance Committee passed the bill last week and President Donald Trump is expected to sign it into law.
The Senate passed the final version of the bill in April, but a Republican-controlled House has blocked the bill from getting to President Trump.
The House approved the bill on Wednesday, but there are still procedural hurdles that must be cleared before the bill becomes law.
And while the Senate Finance committee has been pushing to move forward on this bill and its tax credit provision, the White House has said it won’t sign the bill without its tax credits and exemptions.
The White House’s opposition to the bill has been cited as a key reason why the bill, which passed the Senate on Thursday, hasn’t yet become law.
The lobbying group says it has been in contact with congressional leaders and they have been supportive of the bipartisan efforts to improve the tax code.
But it says that the tax credits are not the only way to help the logistics sector.
The nonpartisan Congressional Budget Office says the incentives that the bill includes in the tax provisions could reduce the tax burden for U’s, UPS’s, and others, but only if they are also implemented by expanding incentives for U haul and other companies.
The budget office also says that if the bill passes, the special deduction could help boost the profitability of U’s.
But if it’s not enacted, the CBO says it could have a negative impact on other industries, including transportation, which has a significant portion of its revenue coming from the logistics economy.
For instance, the bureau found that if Congress added a special deduction for UPS to the tax law, the company’s gross profit would grow by 4.2 percent in 2025 compared to if the company was taxed on its gross sales.
That would be enough to offset the cost of the tax breaks and the overall increase in the value of the logistics business, according to the CBO.
The CPA has been tracking the special credits and their effects on the U haul industry for months, and the report is the latest in a series