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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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