Repeal the FET
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Repealing the Federal Excise Tax (FET) on heavy-duty trucks would encourage the purchase of newer, cleaner, and safer trucks. Over 50% of trucks on the road are at least 10 years old, and repealing the 12% FET would help modernize America's aging truck fleet. FET repeal would benefit domestic manufacturing and the 1.3 million American jobs related to class 8 truck and trailer production. Removing this outdated tax from the 1917 era would help replace older polluting trucks and boost the economy.
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Repeal the FET
- 1. Copyright 息 2021 NADA REPEAL FET Repealing the FET would spur the purchase of newer, cleaner, safer heavy-duty trucks and trailers For more information visit www.nada.org/ATDLegislative F E D E R A L E X C I S E T A X ( F E T ) O N H E A V Y - D U T Y T R U C K S REPEAL THE FET Help Modernize Americas Truck Fleet FET repeal would benefit domestic manufacturing and bolster American jobs TRUCKS 10 YEARS OLD OR OLDER More than 50% of trucks on the road are at least 10 years old 12% FET Highest percentage excise tax on a product $40,000 REGULATORY COSTS DELAYS IN DEPLOYING CLEANER SAFER TRUCKS 1.3M RELATED TO CLASS 8 TRUCK/TRAILER MANUFACTURING AMERICAN JOBS Include FET Repeal in upcoming infrastructure legislation to replace older trucks with newer and greener trucks, protect U.S. jobs and modernize America's truck fleet. Did You Know the federal excise tax (FET)on trucks was enacted in1917 to pay for WWI? The war has been over for100 years. Its time to free the country from this outdated tax. Repeal theFET!