While attempts have been made in Congress in recent years to repeal the federal excise tax that adds 12% to the sale of new trucks and trailers, none have come to fruition yet despite the trucking ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. One month past the halfway point of the year, 2025 has proven to ...

Nevada Democratic Sen. Catherine Cortez Masto and Mississippi Republican Sen. Cindy Hyde-Smith Friday re-introduced a bill that would eliminate the one-quarter of 1% federal excise tax on sports ...

The Treasury and the Internal Revenue Service say guidance is forthcoming on a new method for recovering federal excise tax paid on dyed fuel established under the One Big Beautiful Bill Act.

Penn is expected to face a 4% federal excise tax on its endowment income starting July 1, 2026 — a move that University officials have warned could significantly hinder its ability to support student ...