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To: Lizzie Tudor who wrote (181140)	5/15/2005 1:36:49 PM
From: Elmer Phud	Read Replies (1) \| Respond to of 186894

Lizzie here is the part of the dem plan I like: Those are things I like too. What's missing is expanded use of nuclear power. One final comment on your reference to large corporate interests. Corporations are made up of shareholders. When you favor corporate interests you are favoring pension and retirement plans of little old retired school teachers every bit as much as the very wealthy.

To: Lizzie Tudor who wrote (181140)	5/15/2005 5:22:39 PM
From: prtscrn	Read Replies (1) \| Respond to of 186894

Lizzie; the gas guzzler tax credit was aimed at small business that uses trucks to deliver goods and services. And create jobs!

To: Lizzie Tudor who wrote (181140)	5/16/2005 1:24:29 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 186894

"Somebody tell me again, WHY we had a tax credit for the largest gas guzzlers only? What was the rationale there? I'd love to know." This gets wordy but my recolection is: Back in the mid 80's when congress tweaked the depreciation rules to allow accelerated depreciation on automobiles they didn't allow acceleration on luxury autos. "luxury" at the time was defined as $13,000. To simplify matters they had any vehicle over 6,000 lbs built on a truck chasis was exempt under the presumption these were commercial vehicles and allowabe for accelerated depreciation deductions. You need to remember the only SUV's back then were the Jeep, Landrover, Suburban and Landcruiser. At that time none of the SUV's were over the weight limit. Once the law change came into effect the rule of unintended consequences took hold. Now section 179 was a quick write off added to the code for the 1st 10k of equipment purchases in any one year. automobiles did not qualify but you guessed it, trucks did. So the 10k was raised to 25k and then to 100k to spur investment by the small business person under the President's push for business tax incentives on investments in capital equipment. One limit, which is abused, I'm sure is business use has to be greater than 50% to qualify. A lot of people claiming the deducion probably don't really qualify. Check out all these suv's by gm. gmbuypower.com Talk about mal investment and unintended consequences.