Summary: This bill repeals the 12% excise tax on the retail sale of heavy trucks and trailers. Cosponsors (Bipartisan)
ANGIE CRAIG’S POSITION: Representative Craig cosponsored the bill on 10/16/19.
STATUS: Introduced 4/29/19 by Rep. LaMalfa, Doug [R-CA-1].
INFORMATION RELATED TO THE BILL:
- LaMalfa said: “When the FET was introduced over 100 years ago, it was to help pay the costs of fighting World War I. Today, it has quadrupled from 3% to 12% and the Ottoman Empire is no longer around. It’s an outdated and unnecessary barrier that discourages truck buyers from upgrading to more modern, cleaner, and safer vehicles. The FET is also the highest percentage-based tax that Congress imposes on any product, and it’s not even a reliable source of funding for the Highway Trust Fund. Most heavy-duty truck owners can’t afford a $20,000 tax bill per new truck, so they don’t buy them. They’re far more likely to purchase used or older trucks with older technology that are not as fuel-efficient or don’t achieve the air quality goals the government demands. The FET limits truck replacement, the associated economic growth, and needs to be repealed.” (Source: Rep. LaMalfa, Press Release, 04/30/19)