Trump tax cuts good for railroads? Probably not
Written by William C. Vantuono, Editor-in-ChiefThe Trump Administration on April 26 released a proposed overhaul of the federal income tax system that promises to simplify the tax structure as well as reduce the rate at which large corporations are taxed to 15%.
![“Thanks to Secretary Pete [Buttigieg], USDOT, the Federal Railroad Administration and all our partners for making the S-Line passenger rail a reality!!” NCDOT Secretary Joey Hopkins said in a July 1 LinkedIn post. “Thanks to the hard work of our NCDOT team we broke ground on the first construction project in the Raleigh to Wake Forest segment, a $19M project to grade separate Durant Road 7 months after the grant announcement!!” (Photograph Courtesy of Joey Hopkins)](https://www.railwayage.com/wp-content/uploads/2024/07/slinelead-315x168.png)