Would Hummers Sell Without $25,000 Tax Deduction?
You would think that sales of GM's Hummer would be almost non-existent with $3.00 gasoline, but Hummers are actually selling quite well.So What Gives?
It's ironic how many Hummers I see that advertise some kind of service, or maybe it isn't. It seems quite obvious that many Hummer buyers are taking full advantage of the $25,000 small business tax deduction.
If not for this deduction, I assume many of these advertisers/buyers would buy something else
How can the government justify this deduction in light of terrorism, Iraq and America's growing dependence on foreign oil? How can the government cap smaller tax credits for hybrid cars and other clean technologies, yet not cap much larger deductions for the worst gas-guzzlers?
In fact, while I feel bad for GM's business story, if the only way GM can survive in today's world is via tax-subsidized gas-guzzlers, then it's time to let GM go under.
Congress can do much better. We must make Congress act. Join the Hybrid Car Revolution Campaign.
Labels: Congress, Foreign Oil Dependency, GM, Hybrid Vehicles



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