Proposed Legislation Would Provide Tax Deduction for Retreads

Congressman Tim Ryan (OH-13) recently introduced the Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022, legislation that would provide a tax deduction to consumers who purchase retreaded tires.

According to Bandag, the number of tires retreaded annually has fallen from 20 million to 15 million due to an influx of cheap imported tires from countries like China that cannot be retreaded due to their inferior construction. The goal of this legislation would be to increase the demand for retreaded tires and reduce the importation of cheap tires that cannot be retreaded, known as “disposable tires.”

Ryan’s office says the Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022 is supported by a range of auto industry leaders and manufacturers, including Bridgestone, Goodyear, the USTMA, Penske Truck Leasing, BD Transportation and Freight Service Inc./Truck One Inc.

Discount Tire & Service Centers has a new sponsorship deal with the Los Angeles Angels for the 2024 season. Discount Tire said this partnership will not only benefit its customers with season-long promotions and giveaways but will also support local non-profits.

"We're thrilled to launch this strategic partnership with the Los Angeles Angels," said Sergio Andonian, president, Discount Tire & Service Centers. "As neighbors, from Anaheim, we are dedicated to serving our local communities and providing quality tire & automotive service at the most competitive prices. Together, we look forward to making a positive and lasting impact in the communities. Add baseball to the mix, and with this winning combination, the possibilities are endless."