National

US lawmakers propose ending 12% excise tax on heavy duty trucks

By Reuters Reuters
U.S. Senator Todd Young (R-IN) speaks during the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, D.C., U.S., March 11, 2026. REUTERS/Kylie Cooper
U.S. Senator Todd Young (R-IN) speaks during the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, D.C., U.S., March 11, 2026. REUTERS/Kylie Cooper Kylie Cooper Reuters

WASHINGTON - Two U.S. senators on Tuesday proposed ending the 12% federal excise tax on heavy duty trucks, saying it could boost sales of newer cleaner models.

Republican Senator Todd Young and Democratic Senator Angela Alsobrooks noted the tax adds as much as $15,000 to $30,000 to the cost of a new heavy truck, trailer, semitrailer chassis, or tractor and encourages using older vehicles on the road longer. The tax raises more than $6 billion annually in revenue.

(Reporting by David Shepardson)

FILE PHOTO: U.S. Senator Angela Alsobrooks (D-MD) speaks, as Kevin Warsh, (not pictured) U.S. President Donald Trump's nominee to be the next chair of the Federal Reserve, attends a Senate Banking Committee confirmation hearing to testify, on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Elizabeth Frantz/File Photo
FILE PHOTO: U.S. Senator Angela Alsobrooks (D-MD) speaks, as Kevin Warsh, (not pictured) U.S. President Donald Trump's nominee to be the next chair of the Federal Reserve, attends a Senate Banking Committee confirmation hearing to testify, on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Elizabeth Frantz/File Photo Elizabeth Frantz REUTERS

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published June 2, 2026 at 12:57 PM.

Get unlimited digital access
#ReadLocal

Try 1 month for $1

CLAIM OFFER