6 Reasons to Repeal the Federal Excise Tax on Heavy-Duty Trucks
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Transcript of 6 Reasons to Repeal the Federal Excise Tax on Heavy-Duty Trucks
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Reasons to Repeal the Federal Excise Tax on Heavy-Duty Trucks
A TAX ON
6
BUSINESSINVESTMENT
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ORIGINALLY CREATED TO HELP DEFRAY THE COST OF WORLD WAR I
REASON #1
1917
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BALLOONING FROM 3 PERCENT TO ITS CURRENT RATE OF 12 PERCENT.
REASON #2
300%SINCE 1955, THE EXCISE TAX RATE HAS INCREASED BY
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THE HIGHEST PERCENTAGE RATE OF ANY FEDERAL EXCISE TAX THAT CONGRESS LEVIES
REASON #3
12%
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REASON #4
ADDED TO THE PRICE OF A
NEW HEAVY-DUTY TRUCK
$12,000 to
$22,000
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THE FEDERAL GOVERNMENT IS ADDING
REASON #5
$40,000IN REGULATORY COSTS TO NEW HEAVY-DUTY TRUCKS, AND THEN LEVYING A TAX ON THE INCREASED COST IT CREATED.
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NUMBER OF TRUCKING-INDUSTRY EMPLOYEES DIRECTLY IMPACTED
REASON #6
7.3M
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CLICK SHARE!
JOIN US IN URGING
H.R.2946IN THE UPCOMING TAX REFORM BILL
CONGRESSTO INCLUDE