Trump Administration Proposes Eliminating Moving Expense Deduction

In early May, the Trump Administration released a broad tax reform outline that called for the dramatic reduction of corporate tax rates, reform to personal tax brackets, and the elimination of nearly every tax deduction utilized by American households, including the Moving Expense Tax Deduction. As a vital incentive for consumers of our industry, AMSA is working hard to preserve the deduction by meeting with Members of Congress to advocate for the deduction’s retention in any forthcoming tax reform package. We have reports that House lawmakers on the Ways and Means Committee are working to finish their version of a tax overhaul proposal this summer, although there is growing disagreement among members as to whether any tax savings will be used to fund a forthcoming infrastructure package. AMSA’s government affairs team is closely monitoring these developments to ensure we are well-positioned to advocate for our industry priorities in either draft. We have also partnered with the Employment Relocation Council (ERC) to update a detailed study on the deduction’s impact to taxpayers and businesses.

American Moving and Storage Association / Government Affairs ALERT

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On May 1, 2017, Senator Steve Daines (R-MT) and co-sponsor Senator Gary Peters (D-MI) introduced S. 998, The Moving Americans Privacy Protection Act. AMSA was instrumental in the development of this bill and will be working with the Senators to get it passed through Congress. But we need your voice to let Congress know this issue matters to Americans!

This bill will protect the Personally Identifiable Information (PII) of consumers who make international moves. PII can include passport information, Social Security numbers, residential addresses, and other sensitive information contained in a bill-of-lading. When an international move occurs, PII is included in the vessel manifest which is compiled by Customs and Border Protection (CBP). Under current practice, CBP often sells this information to data brokers and other public entities for marketing purposes. Sharing this information with less secure public entities can lead to fraud, robbery, and identity theft. Innocent Americans victimized by these breaches often include military and government employees returning from overseas duty.

This bill prohibits the CBP from releasing PII to the public while still permitting the Agency to collect the data for security purposes. If enacted into law, will be a huge win for the moving and storage industry and the American families we live to serve.

Please write your senators to ask that they support this important common-sense bill by visiting the TAKE ACTION NOW page!