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When Bush and the GOP Congress put incentives in the tax code to help SUV sales

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Tony_FLADEM Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-01-09 01:06 PM
Original message
When Bush and the GOP Congress put incentives in the tax code to help SUV sales
Edited on Sat Aug-01-09 01:30 PM by Tony_FLADEM
was that interfering with the free market? Why is that action any different than the Cash For Clunkers program. The Republicans were not complaining about the SUV incentive, so why complain about this?

At least with this program, people are having to give up something, a used vehicle.


Edit:

Including link to news story about SUV program.


Fed Tax Break Encourages SUV Purchases

Thanks to a generous tax credit, Karl Wizinsky is driving a very large vehicle these days — a 2002 Ford Excursion.

"It doesn't hurt to have a larger vehicle, but I wouldn't say it's a requirement of my business," he said on a cell phone while driving the Excursion. "But I ended up saving $32,000."

This year, the perks of buying a large SUV — if you're a small business owner — got even bigger.

Congress recently passed a tax bill, as proposed in President Bush's economic stimulus plan, that offers a $100,000 tax credit for business owners who purchase any vehicle weighing 6,000 pounds or more when fully loaded.

When Wizinsky's accountant told him about the credit last year, the amount was much less, at $75,000, but it was enough to encourage Wizinsky to trade in his Mercury Marquis for the Excursion.

"It sounded too good to be true," said Wizinsky, a health care consultant in Novi, Mich. "But it was true. So I bought the SUV. For a small company like mine it's a significant credit."


www.abcnews.go.com/Technology/Hybrid/story?id=97505
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-01-09 01:07 PM
Response to Original message
1. because they are political hypocrites
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yodoobo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-01-09 01:11 PM
Response to Original message
2. I thought that was added to the tax code long before Bush
Edited on Sat Aug-01-09 01:12 PM by yodoobo
When I took my tax class in 1993, that was when I learned that vehicles over 6,000 lbs qualified for 100% Section 179 depreciation.

(On 2nd thought, maybe you are talking about Bush #1)

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NYC_SKP Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-01-09 03:00 PM
Response to Reply #2
4. It's fair to say that nothing good was done during Clinton's admin re CAFE standards/mileage


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Kansas Wyatt Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-01-09 01:20 PM
Response to Original message
3. Because Republicans bitch, piss, scream bloody murder, & moan.
They threaten to blow everything up if they don't get their way, and demand that only they know what is going on. And they do all this, while reserving the right to blame the Democrats for not stopping them from ruining everything. Talk about "personal responsibility."

Any Republican, who rises above the local level, is pure evil and will hurt, destroy, and kill people without losing a wink of sleep. They possess no positive traits, only destructive personality disorders that they want to oppress everyone else with.

Their alleged "free market" is a fraud. Free market to them means screwing over the masses to benefit the few.
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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-01-09 07:24 PM
Response to Original message
5. K&R
:kick:
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