Senators Push Repeal of Federal Excise Tax

Senators Push Repeal of Federal Excise Tax

Senior senators recently unveiled bipartisan legislation designed to repeal a World War I-era federal excise tax on new heavy-duty trucks, tractors and trailers.

Bill would finally end federal excise tax on heavy trucks established nearly 110 years ago

A bill introduced in the U.S. Senate today seeks to help modernize the American trucking industry by repealing the federal excise tax. On June 2, 2026, U.S. Senators Todd Young (R-Ind.) and Angela Alsobrooks (D-Md.) introduced the Modern, Clean, and Safe Trucks Act. The bill would repeal the repeal the 12% federal excise tax (FET) on heavy trucks. Lawmakers say that the FET adds to the cost of new trucking equipment by $15,000 to $30,000, making…

Down with the FET: ATA supports renewed bipartisan push to eliminate truck and trailer tax

WASHINGTON — The American Trucking Associations (ATA) is applauding Senators Todd Young (R-IN) and Angela Alsobrooks (D-MD) for introducing the Modern, Clean and Safe Trucks Act, legislation to repeal the antiquated federal excise tax on the purchase of new trucks and trailers. “First implemented over a century ago to fund America’s involvement in World War I, the FET currently adds tens of thousands of dollars to the cost of all new heavy-duty …