I know of very few working people who have not heard the term “fiscal cliff”. The trucking industry is no different. The question is, what is the reaction of trucking companies and what are they doing to prepare. Well according to an article at Trucker.com
Not a lot
According
to the article, a large number of trucking company owners and
executives are waiting to see if we actually are going to end up going
over that proverbial cliff. Demand for just about anything is down, as
consumer income is way down.
You
do not need market research to know that the economy has its
challenges. One other thing to consider. We are not starting fresh on
our economic cliff dive if we go. We have already been over one huge
cliff in 2008 and really have not recovered.
What I think the real fear is what the fallout will be if we go into 2013 with
- higher taxes
- less revenue
- more expenses
Realistically,
we need to address the problems that sent us over the first fiscal
cliff which is lack of jobs and industry to employ people so they can
spend money and stimulate the need for trucking.
The current plan of political infighting, endless Chinese exports, and decreasing wages will send us over another financial cliff inevitably whether we solve the tax debate or not...
http://www.thetrucker.com/News/Stories/2012/12/13/MostcarriersinparkedmodewhilewaitingonfiscalcliffsaysTCPreport.aspx
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