Dealers and manufacturers were in consensus that the two most beneficial provisions of the Tax Cuts and Jobs Act were the lower corporate tax rate and the favorable expensing provisions for new and used equipment.

Survey takers uniformly agreed that there were no provisions in the Tax Cuts and Jobs Act which they believed were negatively impacting their businesses.

Dealers and manufacturers uniformly agreed that President Trump’s tariffs on aluminum and steel will have a negative impact on the sale of machinery in 2018.

45.5% of dealers and 61.9% of manufacturers said the tariffs would negatively impact the economy.

Dealers and manufacturers agreed that the expansion of the deduction limit of Section 179 and the 100% bonus depreciation would have minimal impact.