More on Tax Reform
WASHINGTON-Representatives Collin C. Peterson (D-MN) and Doug LaMalfa (R-CA) introduced the bipartisan Modern, Clean, and Safe Trucks Act of 2019 that seeks to repeal the federal excise tax (FET) on heavy trucks that was created in 1917 to help pay for World War 1. When it was introduced, the FET was 3%, but has increased to 12% today. The revenue generated through the FET tax goes into the Highway Trust Fund but is unreliable since truck sales are inconsistent year-to-year.
More information on FET and heavy-duty trucking:
WASHINGTON- Representatives Collin C. Peterson (D-MN) and Pete Stauber (R-MN) have introduced the Volunteer Driver Tax Act.
“Many volunteer drivers are retirees or military veterans living on fixed incomes and are dropping out of these programs because they can’t afford to volunteer because of the low reimbursement rates” said Peterson. “This legislation will boost the outdated reimbursement rate for our charitable drivers and ensures that our seniors have the resource they need to live their lives.”