Chris Spear
35:50 - 36:28
"Congress should repeal the 12% federal excise tax on heavy-duty trucks, trailers, and tractors. The century-old tax punishes the purchase of the very vehicles that come with the latest technologies. Adding tens of thousands of dollars to the cost of new equipment discourages fleet turnover, keeps older equipment on the road longer."
“Congress should repeal the 12% federal excise tax on heavy-duty trucks, trailers, and tractors. The century-old tax punishes the purchase of the very vehicles that come with the latest technologies. Adding tens of thousands of dollars to the cost of new equipment discourages fleet turnover, keeps older equipment on the road longer.”
- Speaker
- Chris Spear
- Timestamp
- 35:50 – 36:28
- Community
- Alaska News
- Captured at
- June 9, 2026
From the transcript
Innovation-driven solutions not only improve outcomes but also help lower prices paid by consumers and businesses alike. We need Congress's support to continue building a stronger supply chain. First, Congress should repeal the 12% federal excise tax on heavy-duty trucks, trailers, and tractors. The century-old tax punishes the purchase of the very vehicles that come with the latest technologies. Adding tens of thousands of dollars to the cost of new equipment discourages fleet turnover, keeps older equipment on the road longer.
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