NTEA joined National Auto Dealers Association, American Trucking Associations and other state and local organizations to ask that Congress suspend the 12% Federal Excise Tax (FET) on heavy trucks and trailers through 2021 as they consider additional legislation to respond to the coronavirus pandemic and assist with U.S. economic recovery.
On July 20, Rep. Chris Pappas (D-N.H.) sent a letter to Democratic leaders of the U.S. House of Representatives calling for FET suspension as part of the next coronavirus stimulus bill. Along with the Pappas letter, almost 200 groups have signed a coalition letter sent to both House and Senate leadership.
Urge your legislators to include FET suspension in future coronavirus stimulus bill to help retain industry jobs, spur new truck sales, and promote deployment of cleaner, safer trucks.
Contact your Representative and Senators now!
Background
- During this crisis, our nation has been more dependent than ever on our truck fleet.
- The average age of a truck on the road today is almost 10 years old.
- The 12% FET on heavy trucks and trailers is the highest excise tax in the nation.
- FET has grown from 3% to 12% since it was instituted in 1917 to help fund World War I. Today, it routinely adds $12,000–22,000 to the cost of a newer, safer, cleaner and domestically produced truck.
Suspending FET will help
- Keep the nation well supplied and rebuild America’s vital truck manufacturing industry and related employment.
- Improve highway safety by accelerating the purchase of new trucks with the latest safety improvements.
- Benefit the environment by ensuring quicker deployment of cleaner and more fuel-efficient trucks.
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