Rep. Chris Pappas (D-N.H.) sent a letter to the Democratic leaders of the U.S. House of Representatives July 21 calling for suspension of the 12% federal excise tax (FET) on heavy-duty trucks and trailers until the end of 2021 in the next Coronavirus stimulus bill.
American Truck Dealers (ATD) leads the Modernize the Truck Fleet coalition, who with 196 industry groups and the UAW, encouraged House Democrats to sign the Pappas letter urging suspension of the FET.
Rep. Pappas’ letter, signed by 55 House Democrats, was sent to Speaker Nancy Pelosi and House Democratic leaders. In his letter, Rep. Pappas underscored the impact that the pandemic has had on the trucking industry and called for suspension of the FET until the end of 2021. Temporarily suspending the 12% FET would immediately boost sales and protect trucking-related jobs, as Class 8 truck sales are expected to be down 50% this year due to government-ordered shutdowns and the pandemic, the letter says.
The full text of Rep. Pappas’ letter and list of House Democratic signatories can be found here.
