* DC - Another resolution against raising excise tax on heavy truck inroduced
- The current 12 percent federal excise tax adds nearly $20,000 to the cost of a new tractor, as the pictured International ProStar... Sen. Cory Gardner, D-Colo., has introduced a concurrent resolution expressing the sense of Congress that the Federal excise tax on heavy-duty trucks should not be increased... No text of the resolution was available early Wednesday, but the resolution drew immediate praise from the American Truck Dealers... The current 12-percent FET on the sale of most new heavy-duty trucks is by percentage the highest levied tax by Congress on any product, according to Steve Parker, ATD chairman... All of the heavy-duty trucks sold in the U.S. in 2015 were manufactured in North America, so any increase in the federal excise tax would depress new heavy-duty truck sales to the direct detriment of the American trucking industry and their more than 8 million U.S. employees...
(Photo: NAVISTAR's Internatinal Prostar truck) -- Washington, DC, USA - The Trucker News Services - 25 May 2016Labels: taxes debate, truckmakers news USA
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