With the increase in the cost of buying tractor trailers, and with it uprising taxes, Capitol Hill was introduced to a new alternative for tax initiatives.
According to truckinginfo.com, the Heavy Truck Fairness Act (H.R. 6312) would take the “12 percent federal excise tax on heavy trucks and trailers, and replace it with a 7.3-cents-per-gallon diesel tax increase” (http://www.truckinginfo.com/news/news-detail.asp?news_id=71851).
With concerns on the environment and the fact that new trucks, like the ones Road Scholar Transport operates, are emitting less diesel particulate than older engines and are much safer, measures should be taken to make them more easily obtainable, whereas raising taxes would damper the number of companies buying newer models.
In order to increase purchases, and with it safer equipment on the road, the bill suggests raising the tax on diesel fuel, something the Obama Administration is clearly against, believing that gasoline is expensive the way it is and by increasing it, consumers are going to have a hard time affording it, the site notes.
According to Tow Times, the bill was introduced on September 29th by Congressman Earl Blumenauer and is being praised by the American Truck Dealers (ATD).
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