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.
“Overall employment at U.S. truck dealerships is the highest it has been in the last five years,” said ATD Senior Economist Patrick Manzi. “Truck dealers continue to contribute to their communities with jobs that pay well and offer the ability for advancement.”