Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTNeha GuptaSun, June 7, 2026 at 7:47 PM GMT+2 2 min readPaccar Inc (NASDAQ:PCAR) is one of the best stocks to buy according to billionaire Bill Gates. Paccar stock is up a modest 2.5% year-to-date, but analysts see the stock picking up pace over the next 12 months as market conditions improve.Why Bill to End Truck Tax Matters for Paccar Inc (PCAR) StockPixabay/Public DomainIn a move that could benefit Paccar Inc (NASDAQ:PCAR) by fueling truck sales, a bill has been proposed in the Senate to end the truck tax. On June 2, Reuters reported that two US senators have proposed ending the 12% tax on heavy-duty trucks. The proposal was made by Senator Todd Young (Republican) and Senator Angela Alsobrooks (Democrat).According to these senators, this federal excise tax adds $15,000 to $30,000 to the cost of a new heavy-duty truck. As a result, the tax encourages continued use of older truck models. It’s estimated that roughly one-fifth of large trucks on the road run on engines produced before 2010. The lawmakers argue that ending this tax could boost sales of newer truck models that are safer and more fuel-efficient.Paccar Inc (NASDAQ:PCAR) manufactures commercial trucks. Its portfolio includes light-duty, medium-duty, and heavy-duty trucks, which are sold under brands such as Kenworth, Peterbilt, and DAF. The company also makes advanced diesel engines, distributes truck parts, and offers financial services to customers.While we acknowledge the potential of PCAR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: Investors’ Stock Portfolio: Top 10 Penny Stocks To Buy and 10 Most Shorted Mid-Cap and Small-Cap Stocks to Buy Now.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info