ATA backs bipartisan effort to eliminate truck and trailer tax

ATA backs bipartisan effort to eliminate truck and trailer tax

WASHINGTON —  The American Trucking Associations is applauding congressional leaders for introducing legislation to repeal the antiquated federal excise tax on the purchase of new trucks and trailers.  “First implemented over a century ago to help finance America’s effort in World War I, the FET has become the largest excise tax on any product, adding $24,000 to the cost of each new clean-diesel tractor-trailer,” said Chris Spear, ATA president,…