Congress Revisits Bill to Repeal 12% Tax on New Trucks and Trailers
2025-03-30
Overdrive
In a move to support the trucking industry, members of Congress are reviving efforts to repeal the 12% Federal Excise Tax on new truck and trailer purchases. This tax has been a significant burden on truckers and trucking companies. The repeal could provide relief and stimulate the industry. Additionally, Wyndham Hotels has launched a rewards program and partnered with Hotels4Truckers to offer benefits to truckers. The trucking industry is expected to benefit from these developments, with potential increases in truck sales and economic growth. Key industry players are watching the situation closely, as the repeal of the Federal Excise Tax could have a major impact on the market.
