A bill introduced in the Senate on June 12 is the latest attempt to repeal the 12% federal excise tax (FET) on the sale of heavy-duty trucks and trailers.
Tax Committees Debate Highway Funding as Money is Running Out
Ideas for infusions into the Highway Trust Fund got conflicting receptions before congressional tax committees this week, as Senate Finance Chairman Ron Wyden said he's looking for solutions while Ways and Means Chairman Dave Camp expressed concerns about the Obama administration's proposal.