Last week, 38 heavy-duty truck dealers and Automotive Trade Association Executives (ATAE) from 17 states attended ATD’s legislative fly-in. In all, 92 meetings were held on Capitol Hill to rally congressional support for S. 3052 and H.R. 2946, bills that would repeal the FET.
“It’s the highest excise tax Congress levies on a percentage basis on any product, including alcohol and tobacco,” said ATD Chairwoman Jodie Teuton. “It’s time for Congress to repeal this tax.”
Truck manufacturers, suppliers and industry stakeholders — along with dealers — stand a better chance of repealing the FET if we do it together.
In a new MyDealership.org video, ATD Chairwoman Jodie Teuton discusses the importance of dealerships to their local communities as employers offering well-paying career opportunities and generating taxes to support local and state governments.
The FET delays the purchase of new heavy-duty trucks, preventing cleaner, more efficient and safer trucks from operating on roadways.
Rep. Rooney, who met with employees and toured the dealership, was the first cosponsor of H.R. 2946, a bill that would repeal the 12-percent federal excise tax (FET) on the sale of heavy-duty trucks and trailers.
Workshop Recordings from NADA Show and ATD Show 2018 are now available as an exclusive membership benefit.