?With highways and airways becoming increasingly congested, pressure is on the railroads to accommodate the rising tide of freight,? Lott said in a news release. ?Tax relief in the bill would help freight railroads and railroad shippers expand their operations ? adding tracks, rail spurs and signals.?
The bill would create a 25 percent tax credit that would be available to taxpayers spending money for new freight infrastructure.
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Zeke Miller, Associated Press
, Aamer Madhani, Associated Press
, Josh Boak, Associated Press
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January 31, 2025
White House says Trump tariffs on Canada, Mexico and China will come Saturday. No word on exemptions
President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday.