American Truck Dealers (ATD), a division of the National Automobile Dealers Association, said it is organizing an “industry-wide” coalition to repeal the federal excises tax on the sale of heavy-duty trucks and trailers.
“ATD is in the process of launching a new FET repeal coalition,” said Jodie Teuton, ATD chairwoman. “The coalition will be tasked with building support in Congress to repeal the FET and suggesting options to replace the revenue from the FET.”
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.
S. 3052 was introduced by US Sen. Cory Gardner (R-Colo.) on June 12 and referred to the Senate Finance Committee.
“ATAE participation in the fly-in resulted in three additional cosponsors of H.R. 2946, and we expect more in the coming weeks,” added Teuton, vice president of Kenworth of Louisiana and Hino of Baton Rouge.
In remarks at a dealer meeting on June 21, US Rep. Garret Graves (R-La.) said a strong trucking industry is fundamental to the nation’s economy, especially during times of growth like the industry is currently experiencing.
“Major tax cuts, regulatory right-sizing and the other pro-growth initiatives we’re moving through Congress mean that our economic comeback is just getting underway,” Graves said. “As America continues to lean on the trucking industry to deliver goods and services, we’ll keep working to advance policies that equip small businesses, like local truck dealers, to respond and win.”
H.R. 2946, the “Heavy Truck, Tractor and Trailer Retail Federal Excise Tax Repeal Act,” introduced by US Rep. Doug LaMalfa (R-Calif.) in June 2017, currently has 20 bipartisan cosponsors. The bill includes language stressing the need for Congress to consider a more reliable and consistent revenue mechanism to fund the Highway Trust Fund in place of the FET.
“It was a privilege to join ATD Chairwoman and fellow Louisianan, Jodie Teuton; Louisiana Automobile Dealers Association President Will Green; and truck dealers from across the country for ATD’s legislative fly-in last week,” Graves said.
In addition to ATD, other supporters of the FET repeal include Baker Commodities, Bendix Commercial Vehicles, Daimler Trucks North America, Mack Trucks, National Trailer Dealers Association, Navistar, NTEA – The Association for the Work Truck Industry, Recreation Vehicle Dealers Association, Truck & Engine Manufacturers Association, TRALA, Truck Trailer Manufacturers Association and Volvo Trucks North America.