Senate Republican leaders suggested the possibility of proposing various bills that would address concerns about medical supplies, the supply chain, school reopenings and social benefits. Sign up today.Ĭongress and the White House have signaled the potential for finalizing negotiations on additional COVID-19 relief aid before the start of the August recess.
#FET TAX ON TRAILERS REGISTRATION#
Registration is free but advance signup is required. Our second episode - "The Evolution of Electric Trucks" - featuring Nikola founder and executive chairman Trevor Milton, will air live on July 28 at noon EDT. Audience members will gain access to the industry's leading expert in their particular field and the thoughtful moderation of a Transport Topics journalist. Transport Topics introduces its newest digital interview series, Newsmakers, aimed at helping leaders in trucking and freight transportation navigate turbulent times. “We urge you to provide state DOTs with an immediate infusion of federal funding in order to make critical transportation improvements and keep Americans working as our country looks to reopen stronger than ever.” Projections continue to show decreases in state motor fuel tax and toll receipts as nationwide vehicle traffic reduction bottomed out at about 50% during the height of the pandemic,” AASHTO’s leaders wrote July 20. “With millions of Americans following stay-at-home orders, many state are facing severe losses in revenues, including dedicated user-fee revenues on which state transportation programs heavily rely. Meanwhile, other industry stakeholders, such as the American Association of State Highway and Transportation Officials, continue to press the leadership in Congress to provide an “immediate infusion” of at least $37 billion as a way of preventing disruptions to transportation projects. It’s an outdated and unnecessary barrier that discourages truck buyers from upgrading to more modern, cleaner and safer vehicles.” “Today, it has quadrupled from 3% to 12%, and the Ottoman Empire is no longer around.
Doug LaMalfa (R-Calif.), a member of the Transportation and Infrastructure Committee, said upon introducing the bill. “When the was introduced over 100 years ago, it was to help pay the costs of fighting World War I,” Rep. Last year, two House lawmakers unveiled the Modern, Clean and Safe Trucks Act, which would repeal the 12% federal excise tax. The World War I-era excise tax could add $21,000 to the cost of a new truck or trailer, opponents of the tax say. “ suspension is the right medicine for America’s trucking industry during this pandemic.”Ī recent survey by ATA determined nearly 60% of fleets indicated that absent the tax they were either somewhat or very likely to purchase additional trucks and/or trailers beyond their scheduled buy period.Īs Congress considers the next phases of virus-related economic recovery legislation, it should include suspension of the FET on new trucks and trailers until the end of 2021: #SuspendtheFET - American Truck Dealers July 17, 2020 Pappas for his efforts to protect the 1.3 million jobs supported by Class 8 truck and trailer manufacturing,” noted Steve Bassett, American Truck Dealers chairman and dealer principal of General Truck Sales in Muncie, Ind. “On behalf of the trucking industry, we thank Rep.
RELATED: June trailer orders more than double from year earlier The groups include American Trucking Associations, the National Association of Truckstop Operators and American Truck Dealers, a division of the National Automobile Dealers Association. Several stakeholders told House leaders they also support suspending the tax. truck and trailer manufacturing, supplier and dealership jobs, and advance our goals of improving highway safety and reducing emissions,” they added. “Suspension of the 12% on new heavy-duty trucks and trailers during this critical time could help fleets purchase new trucks and trailers, support U.S. Infrastructure 0721 Eu w by Transport Topics on Scribd
Henry Cuellar of Texas and Bill Pascrell of New Jersey. Colleagues joining Pappas on the letter included Democratic Reps. “Immediate relief that extends until the end of 2021 is essential to supporting the workers in this industry,” the lawmakers wrote to Speaker Nancy Pelosi (D-Calif.) and other House leaders.
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