“NTEA is a longstanding advocate of repealing the more than 100-year-old burdensome and complex tax, and is a founding member of the Modernize the Truck Fleet coalition,” said Steve Carey, NTEA’s president and CEO. “We believe repeal will help fleets to replace older and less fuel-efficient heavy-duty trucks with safer and more environmentally friendly new trucks.”
NTEA commends U.S. Senators Todd Young (R-IN) and Ben Cardin (D-MD) for introducing S. 2435, the Modern, Clean, and Safe Trucks Act of 2021, and U.S. Representatives Chris Pappas (D-NH) and Doug LaMalfa (R-CA) for introducing H.R. 8116, the Modern, Clean, and Safe Trucks Act of 2022. These bipartisan bills would repeal the 12% Federal Excise Tax (FET) on heavy trucks and trailers.
NTEA calls on Congress to repeal the FET. Eliminating FET would provide Congress the opportunity to create long-term stability in the Highway Trust Fund by replacing it with a funding source not based on annual truck sales.
For questions regarding FET repeal, contact NTEA’s managing director and government relations expert, Mike Kastner.
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