The CARES Act – How FET Suspension Could Impact the Equipment Industry

With the CARES Act expected to provide an estimated $591 billion in tax relief in the next ten years, every industry is wondering how they can benefit from this.  The suspension of the 7.5 air transportation federal excise tax (FET) for commercial operations from March to December 2020, such as charter flights, has led to a discussion on whether this should be extended to other areas, such as trucks and trailers.