The Modernize Truck Fleet coalition has sent a letter to congressional leaders urging repeal of the federal excise tax, a 12% tax that is levied on the sale of new heavy-duty trucks and trailers.
The letter was signed by a variety of influential groups in trucking including; the American Trucking Associations, National Private Truck Council, NAFA Fleet Management Association, Motor and Equipment Manufacturers Association, Truck Trailer Manufacturers Association, and several others.
“For the first time, broad segments of America’s trucking industry are uniting to repeal the FET to modernize the truck fleet and promote new, cleaner and safer heavy-duty trucks and trailers,” said Jodie Teuton, chairwoman of American Truck Dealers, a division of the National Automobile Dealers Association.
The Modernize the Truck Fleet coalition states that the tax is an outdated and unnecessary relic from a “bygone era” that only serves to delay company owners from buying new equipment.
The letter states, “As an industry, we strongly urge you to end the burdensome FET in reauthorization of the surface transportation act (FAST Act). Repeal of the FET will spur deployment of cleaner and safer trucks.”
The letter was sent to Senate Majority Leader Mitch McConnell (R-KY), Minority Leader Charles Schumer (D-NY), House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA).