The American Truck Dealers (ATD) on Wednesday announced Congressman Tom Emmer (R-Minn.) and Neal Dunn (R-Fla.) recently cosponsored H.R. 2946, the “Heavy Truck, Tractor, and Trailer Retail Federal Excise Tax Repeal Act of 2017,” which would repeal the federal excise tax (FET) on heavy-duty trucks. This brings the total number of cosponsors to 15.
Additionally, ATD says trucking industry stakeholders that have recently endorsed the bill include Baker Commodities, Inc., Bendix Commercial Vehicles, and Navistar, bringing the total endorsers to 13 organizations. The Trump administration plans to pivot its focus to a comprehensive infrastructure bill after tax reform legislation is complete, which should be by Christmas. An infrastructure bill provides Congress a legislative vehicle to repeal the FET, ATD says.
With an infrastructure bill on the horizon, ATD urges dealers to contact their member of Congress to cosponsor H.R. 2946. For more information on a potential repeal, please CLICK HERE. Also, to contact your House member, visit www.house.gov and enter your zip code, or call the U.S. Capitol Switchboard at 202.225.3121.
