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Repeal the FET
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Copyright © 2021
NADA REPEAL FET Repealing the FET would spur the purchase of newer, cleaner, safer heavy-duty trucks and trailers For more information visit www.nada.org/ATDLegislative F E D E R A L E X C I S E T A X ( F E T ) O N H E A V Y - D U T Y T R U C K S REPEAL THE FET Help Modernize America’s Truck Fleet FET repeal would benefit domestic manufacturing and bolster American jobs TRUCKS 10 YEARS OLD OR OLDER More than 50% of trucks on the road are at least 10 years old 12% FET Highest percentage excise tax on a product $40,000 REGULATORY COSTS DELAYS IN DEPLOYING CLEANER SAFER TRUCKS 1.3M RELATED TO CLASS 8 TRUCK/TRAILER MANUFACTURING AMERICAN JOBS Include FET Repeal in upcoming infrastructure legislation to replace older trucks with newer and greener trucks, protect U.S. jobs and modernize America's truck fleet. Did You Know the federal excise tax (FET)on trucks was enacted in1917 to pay for WWI? The war has been over for100 years. It’s time to free the country from this outdated tax. Repeal theFET!
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