22 February 2006

Plan Would Curb Tax Breaks for SUVs

It's about time Congress got serious about changing this:

New tax breaks are available to anyone who wants to help the environment by purchasing fuel-efficient hybrid vehicles. But if owners of small businesses really want to save money, they can get even bigger federal tax breaks by buying the largest gas-guzzling SUVs.

The disparity is drawing criticism from environmentalists and the Republican chairman of the Senate's tax-writing committee, who is working on a change.

Federal tax rules that took effect last month allow a credit of up to $3,150 for anyone buying a hybrid car…

However, owners of small businesses who buy a Hummer, Ford Excursion or other SUV weighing more than 3 tons get a deduction of up to $25,000...


[Baltimore Sun...]

Here is a list of Senate Finance Committee members in case you want to email them some encouragement ("I urge you to support Chairman Grassley's changes to the tax incentives available for SUVs...")

5 comments:

Andrew Warner said...

Say what now? That is the craziest thing I have heard today. We were talking about special interest money on my blog... I wonder if that has anything to do with these absurd tax breaks for SUV owners?

Who knows.

Wes said...

Done and done - one of my Senators, John Kerry, is on that committee.

He's also cosponsoring S. 1294 that I mentioned below.

WF

Wes said...

Done and done - one of my Senators, John Kerry, is on that committee.

He's also cosponsoring S. 1294 that I mentioned below.

WF

Wes said...

Not sure why that posted twice.

WF

WestEnder said...

That is pretty funny that you referred to a comment below and then it reposted your comment below, though!