Congressman LaMalfa, a member of the House Transportation & Infrastructure Committee, “. . . introduced a bill Tuesday to repeal a 12 percent federal excise tax on heavy trucks originally designed to help pay the cost of fighting World War I a century ago.”
Would this tax savings cover all of the costs of comprehensive underride protection? Just sayin’. . . a Win/Win solution.
A Republican congressman from California introduced a bill Tuesday to repeal a 12 percent federal excise tax on heavy trucks originally designed to help pay the cost of fighting World War I a century ago.
The bill by Rep. Doug LaMalfa, H.R. 2946, called the Heavy Truck, Tractor and Trailer Retail Federal Excise Tax Repeal Act of 2017, now heads to the House Ways and Means Committee for review.
The tax “adds tens of thousands of dollars to truck purchases and directly impacts the cost of food, consumer goods and other products Americans need,” LaMalfa said. “Even worse, truck owners large and small pay this tax whether a truck is driven 100,000 miles or never driven at all, forcing them to pay taxes on an investment that may not be generating any revenue.” Bill Seeks to Repeal Federal Excise Tax on Heavy-Duty Trucks