Got a diesel loving RV or tow vehicle? Hold on to your wallets, Congress is in session. A bipartisan proposal floated in Washington would jack the tax on diesel by six cents, while cutting taxes on big commercial trucks.Representatives Jim Gelach (R-Penn) and Earl Blumenauer (D-Ore) have sponsored a bill that would tack on an additional 6.3 cents in federal road taxes for each gallon of diesel sold. On the other side of the bill, when trucking firms would see a 12 percent federal excise tax go away. Not surprisingly, American trucking interests are lauding the bill.
Quoted in a story by TruckNews.com, trucking industry representative Bill Graves says, "The proposal by Congressmen Gerlach and Blumenauer would not only reinforce the ailing Highway Trust Fund, but would provide a boost to US manufacturing and speed adoption of environmentally friendly technologies. It is exactly the kind of pro-growth, deficit-trimming legislation that lawmakers should be looking at as they seek to address our nation’s economic woes."
While American trucking firms may think the measure a good trade-off, others aren't so keen. Canadian trucking firms would see the price hike in fuel but no payoff in excise tax. And of course, recreational vehicle users will see no cut in their taxes either.
In simple math, a typical motorhome owner who gets eight-mile-per-gallon and puts 7,000 miles on his odometer will pay $55 more for his road tripping. On the other hand. the average truck purchase would see a cost saving of $15,000 if the bill passes.
13 comments:
Never no help for the little guy !!!
Its over $555 not $55 that's 10 times as much.
The commercial truck saves $15,000, I pay $55 more per year. The commercial truck does much more road damage both because it is much heavier and because it travels many more miles. Who pays for repairing the highways? What part of this idea makes sense? Our highway infrastructure is already in trouble, this will just make it worse.
And the reasoning behind this? Tsk, tsk. And my son just bought a diesel-powered car.
Ah no, its truely is $55.12
$15,000 equals a per gallon tax of $0.063 on 238,095 gallons. If a truck gets 8 mpg, then the trucker can drive 1.9 million miles paying the extra $0.063 per gallon before losing the benefit of the $15,000 saved on the truck purchase. Unfortunately I am not, but if I were a trucker, I would support this bill.
There is the glaring absence of a House bill number here so we can write our Congressmen to urge that this bill *not* pass!! Come on, now! Give us better information so we can fight back. Without this information, this article is useless!
The simplest, cheapest, and most obvious thing to do would be CUT THE BUREAUCRACY! We have a massive overload of government organizations and bureaucrats busily engaged in creating their own little fiefdoms. And, the only entity having ANY increase in hiring is our own, benelovent, omnipresent GOVERNMENT!! This, however, would reduce some government control and influence, so of course, it won't even be considered.
Yes, but most do not buy a new truck every year.
The trucker does not have to buy a truck every year to benifit. When the trucker does buy a new truck, the trucker will be ahead of the deal until the trucker has burned 238,095 gallons of fuel in that truck.
Unless you're a trucker that is one of the many that have already purchased a truck.
So what do I get to write off? I want the full 100% too.
Diesel is highly economical and now very clean--a tax would punish car and RV owners who want to save fuel. Bad message!
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