Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special ...

As you may have noticed, most states are finding themselves in fiscal straights. States took in $87 billion less in tax revenue between October 2008 and September 2009 than they did in the prior 12 ...

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

[Stay on top of transportation news: Get TTNews in your inbox.] Legislation designed to repeal a World War I-era tax on new heavy-duty trucks, tractors and trailers was recently introduced in the U.S.

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 ...