Congress: Tax incentives for a 10 mpg Hummer, but not for a 50 mpg Prius?
Congress talks about hybrids, gives money to HummersCongressional contradictions? Hypocrites?
Fight foreign oil dependency and make gas cheaper? Demand more hybrid cars like the Toyota Prius and give small business tax incentives to buy 10 mpg gas-guzzlers, but not hybrids? Am I missing something? Read more......
Labels: Foreign Oil Dependency, hybrid tax credits, Hybrid Vehicles
posted by Dahcredyns at
10:13 AM
2 Comments:
Tax deductions do nothing but make it easier for Washington to hide lies. The bills that provide those deductions are often sever hundred pages. There should be a requirement that new laws must fit on one side of letter paper and be a reasonable size font. Then these heinous loopholes like the 6000 lb car write-off would be exposed early on.
Ron Paul has a good point with getting rid of the IRS. We need to simplify tax code. Simple income tax. Appropriate gas tax. No need for deductions.
Tax deductions, etc. no doubt do lead to significant loopholes, and perhaps getting rid of the IRS is a good idea. The small business tax deduction for gas-guzzlers seems to prove your point quite well.
Until that happens, or our gas tax is enacted, I still have to advocate for hybrid tax incentives as a better solution for government pork and loopholes, rather than for gas-guzzlers.
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