How might Trump's second term affect the convenience services industry?

Nov. 13, 2024
During his campaign, president-elect Trump outlined several goals for his administration that could impact small businesses, including those in the vending, micro markets, coffee service, and unattended retail sectors.

The votes have been tallied, a winner declared, and the wheels of a peaceful transition of power have already begun to turn. What can we expect during President Trump’s second term?

During his campaign, president-elect Trump outlined several goals for his administration that could impact small businesses, including those in the vending, micro markets, coffee service, and unattended retail sectors.

  • Lower the corporate tax rate from 21% to 15%.
  • Extend the 2017 Tax Cuts and Jobs Act (TCJA) provisions, including 100% bonus depreciation for machinery and equipment or research and development.
  • Extending the TCJA provisions also could include the Qualified Business Income Deduction for pass-through entities like LLCs. Because many convenience services businesses are pass-through entities, this allows those owners to deduct up to 20% of their business income.
  • Tariffs on foreign goods, which could include coffee. The United States imported $8.2 billion worth of coffee in 2023.

The convenience services industry may also receive support from the Trump administration on other fronts. These include:

  • Repealing the Corporate Transparency Act, which increased the regulatory burden on convenience services operators by requiring small businesses to provide information to the Treasury Department.
  • Easing the estate tax burden, which would allow family-owned businesses to pass assets without increasing tax obligations.

NAMA advocates for the convenience services industry on government affairs. During its Fly-In in July, NAMA educated attendees on current and pending legislation changes.


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About the Author

Linda Becker | Editor-in-Chief

Linda Becker is editor-in-chief of Automatic Merchandiser and VendingMarketWatch.com. She has more than 20 years of experience in B2B publishing, writing, editing and producing content for magazines, websites, webinars, podcasts, newsletters and eBooks, primarily for manufacturing and process engineering audiences. Since joining Automatic Merchandiser and VendingMarketWatch.com, Linda has developed a new appreciation for the convenience services industry and the essential role it plays. She is dedicated to serving readers by covering the latest news in the vending, office coffee service and micro market industry. She can be reached at 262-203-9924 or [email protected].

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