New truck tax may be repealed in House bill 

RegulationsMoney MattersAmerican PoliticsHot Spots
Written By Jennifer Joslyn

This new bill could end the federal excise tax on heavy trucks for good. This tax has been around since 1917 as a way to help pay for World War 1, many have tried to get it removed but have been unsuccessful until now. This new bill will be taking away the 12% tax on heavy trucks and trailers which will help businesses reduce costs and even help consumers not pay so much for essential goods.

Truck owners feel that the tax is unfair, as they may feel that they are already paying enough taxes through other fees such as fuel taxes, registration fees, and tolls. They may also feel that the tax is discriminatory against truck owners, as other types of vehicles are not to be subject to the taxes. The cost of the truck tax is also seen as an additional financial burden for truck owners, especially for those who may be operating on a tight budget. They feel that they cannot afford to pay any more taxes or fees than they already do.

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Jennifer Joslyn
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