Category: Tax Reform

Senate Tax Plan Update: Calls to Republican Senators Urgently Needed

The Senate Finance Committee is debating its tax reform bill, which puts floor plan lending at risk.  The plan would limit the deductibility of business interest, including floor plan interest, to 30 percent of adjustable taxable income.

Hundreds of New-Car and Truck Dealers Visit Capitol Hill During Annual Washington Conference

More than 400 new-car and truck dealers and dealer association executives from across the country traveled to the nation’s capital this week urging lawmakers to implement pro-growth tax reform.

Stars & Stripes Fly High as Truck Dealers Roll into D.C.

ATD hosted a successful third annual legislative fly-in that brought commercial truck dealers from around the country to our nation’s capital to fight for the truck industry.

American Truck Dealers (ATD) Rally Congressional Support for Repeal of Federal Excise Tax

Congressional support for H.R. 2946 – a bill that would repeal the federal excise tax (FET) on the retail sale of most heavy-duty trucks, tractors and trailers – is gaining traction on Capitol Hill.

NADA Visits the White House to Discuss Tax Reform

Recently, I had the profound privilege of joining fellow NADA leadership at the White House to meet with some of the officials who write the rules and regulations that impact our great industry.

6 Reasons to Repeal the Federal Excise Tax on Heavy-Duty Trucks

Rep. Doug LaMalfa (R-Calif.) introduced legislation in Congress Tuesday to repeal a burdensome federal excise tax (FET) on heavy-duty trucks originally imposed in 1917 to help defray the cost of World War I.

Time is Right to Repeal Federal Excise Tax

Tax reform and spurring economic growth are at the top of the agenda on Capitol Hill. But when it comes to a harmful tax in the commercial truck retail market, there is none greater than the federal excise tax.