Gas-guzzling SUVs hot, thanks to the government

The last minute tax rush is demonstrating that many small business owners have taken advantage of the $25,000 tax deduction that the government offers for the biggest gas guzzlers according to the Orlando Sentinel.

"The deduction was not put in place for people to buy Cadillac Escalades or [Hummer] H2s," said Charlie Fitzgerald, a principal with financial planning firm Spraker, Fitzgerald, Tamayo & Moisand.

Yet, to stimulate the economy, the federal government wants businesses to spend money on big-ticket items. So, "there is a loophole that continues to be there for these particular kinds of vehicles," Fitzgerald said.

Even worse, there is no cap on these deductions, unlike the credits for hybrid cars, which are capped by manufacturer, meaning that by next year Toyota hybrid purchases will no longer qualify for a tax credit.

While there is a proposal in Congress to add hybrid vehicles to the small business tax deduction, it has not yet been approved.

Let's make Congress act. Join the Hybrid Car Revolution for Tax Incentives.