House Bill Seeks to Repeal Excise Tax; Increase Diesel Fuel Tax

April 9, 2012

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Ira Wexler/NATSO

Congressmen Jim Gerlach (R-Penn.) and Earl Blumenauer (D-Ore.) introduced a bill, H.R. 4321, that seeks to repeal the 12 percent federal excise tax on large trucks and replace it with a 6.3-cent increase in the federal diesel fuel tax. The American Trucking Associations (ATA) called on Congress to swiftly adopt the proposal, saying it would reinforce the ailing Highway Trust Fund while providing a boost to U.S. manufacturing. ATA said the measure would cut $15,000 from the cost of the average new truck, encouraging truck purchases.

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This article originally ran in NATSO News Weekly (NNW). NNW, NATSO's electronic newsletter, is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry. Every Monday it is emailed to NATSO members only. 

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NATSO News Weekly (NNW)

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