I really think that Kerry needs to remind America that Bush totally supported a 100k tax break for owners of Hummers and gas guzzling cars, that shows Bush has zero interest in gas consumption. Can someone here remind the Kerry press people and speech writers about this HUGE Bush foot in his mouth...once again.
Here's the article:
http://www.azcentral.com/arizonarepublic/news/articles/0101hummer01.htmlTax break has Hummers rolling off lots
David J. Cieslak
The Arizona Republic
Jan. 1, 2004 12:00 AM
Buy a shiny new Hummer or a fully loaded Cadillac Escalade, then get a hefty tax deduction on the monster vehicle, all compliments of Uncle Sam.
Dozens of wide-eyed customers packed into the Valley's Hummer and Cadillac dealers on New Year's Eve to take advantage of a federal tax windfall allowing them to buy the oversize gas guzzlers and deduct the purchase from their 2003 tax bills.
snip
The deduction for business owners, approved in May by President Bush as part of his federal tax-cut package, gives a deduction of up to $100,000 for new or used vehicles that weigh more than 6,000 pounds. Aside from Hummers and Cadillacs, the choices ranged from the Dodge Durango and the Ford Expedition to the Lincoln Navigator and the GMC Yukon.
snip
The windfall doesn't come without a price for the government. One expert estimated that if 100,000 people utilize the loophole, it will cost the country about $1.5 billion in tax revenue
snip
The deduction is available for tax years 2003, 2004 and 2005.
Dealers say the tax break encourages people to buy cars, which contributes to a healthy economy.
"Our customers are speaking to their accountants and making a good business move at the end of the year," said Greg Schamp, new car sales director of Coulter Cadillac and Oldsmobile in Phoenix. "It's a good time to be a Cadillac dealer."
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