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US Senators Introduce Bill to Repeal New Truck Excise Tax

Jul 27, 2021 at 07:41 AM CST

Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry. Sens. Ben Cardin (D-Md.) and Todd Young (R-Ind.), policymakers on the highways and freight committees, respectively, recently introduced legislation that would undo a 12% tax on new truck and trailer purchases.