The Federal Excise Tax (FET), first enacted in 1917 to help pay for World War I, is a 12% excise tax on the sale of most new heavy-duty trucks that remains to this day. The tax depresses the sale of heavy-duty trucks–the vast majority of which are manufactured in America, and delays the purchase of safer and more fuel-efficient trucks. NADA and the American Truck Dealers (ATD) is urging Congress to repeal the tax.
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