WASHINGTON, June 2 (Reuters) – Two U.S. senators on Tuesday proposed ending the 12% federal excise tax on heavy duty trucks, saying it could boost sales of newer cleaner models.
Republican Senator Todd Young and Democratic Senator Angela Alsobrooks noted the tax adds as much as $15,000 to $30,000 to the cost of a new heavy truck, trailer, semitrailer chassis, or tractor and encourages using older vehicles on the road longer. The tax raises more than $6 billion annually in revenue.
(Reporting by David Shepardson)
Brought to you by www.srnnews.com
Paxton and Platner visit Washington to shore up support for their controversial Senate candidacies
New York Democrats take first steps toward an aggressive 2028 redistricting plan
Canada calls for US and Mexico free-trade agreement to be renewed for another 16 years
Trump says he will attend the rescheduled White House press dinner on July 24