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 ...

Foreign firms exploit tax loophole to claim refunds without paying excise taxes. Loophole creates cost burden for U.S. taxpayers and undercuts domestic growers. Closing loophole could save $12 billion ...