Buy a Hummer, Get a $25,000 Tax Break
Some Members of Congress Are Moving to Close the Tax Loophole; Auto Dealers Want to Keep It
from ABC News
Among the provision’s strongest opponents are automobile manufacturers and dealers who argue that repealing the exemption amounts to a tax increase.
“It’s an unwarranted tax increase on small businesses,” said Bailey Wood, spokesperson for the National Automobile Dealers Association, noting that the exemption list is not that complete.
I know many people who have large SUVs–Hummers, Escalades and such– and I’m bringing your attention to this article in case you don’t know about the tax write-offs that may be available. I’m aware the article actually is about trying to close what many consider an unwise loophole. Anyway, check it out here.