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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (38061)	7/27/2004 5:34:47 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 81568

this is what I am referring to. Hard not to see the special interests in this particular piece of legislation. Its gross. You only get this HUGE tax writeoff when you buy a vehicle that weighs 6000 lbs OR MORE. In other words if you want to buy an efficient car, forget it. Tax cut could aid SUV market Write-off increased for business owners JEFF PLUNGIS GANNETT NEWS SERVICE WASHINGTON -- President Bush's economic stimulus plan could triple the size of a little-known tax loophole that some small-business owners are using to finance purchases of large SUVs. One of Bush's proposed tax cuts would raise the amount small-business owners -- including doctors, lawyers and financial advisers -- can write off when buying an SUV for business purposes, from $25,000 to $75,000. Several consumer groups and lawmakers have raised concerns about the fairness of the provision. The debate signals more trouble for a vehicle segment crucial to Detroit automakers, whose profits have been sustained by the SUV boom over the last decade. theolympian.com