Tuesday, June 19, 2007

Tax break for huge SUVs to end?

No more tax breaks?

"Lawmakers introduced a new bill to eliminate the so-called "Hummer tax loophole," The Detroit News reported."

"This controversial tax incentive allows small businesses to write off up to $25,000 of the purchase of the largest pickups and sport-utility vehicles. More than 30 vehicles—including the Hummer H2, Chevrolet Suburban, Ford Expedition, Lexus LX 470 and Dodge Durango—qualify for the break." (more)

About time I say. I know too many people whom could drive any vehicle, but they bought a gas-guzzler simply for the business tax incentive.

Let's switch the incentive to hybrid vehicles, clean diesel and electric vehicles. It's simply ridiculous that the government is fighting a war in the Middle East because of oil while also creating foreign-oil dependency increasing legislation.

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