Thursday, August 31, 2006

Continued SUV Tax Breaks

Interesting article from MarketWatch... Unbelievable... I thought these ridiculous tax incentives were removed a couple years ago. I gotta start reading the paper...

An Audi station wagon that gets 20.5 mpg incurs a $1,300 Gas Guzzler Tax, while a 15.8 mpg Jeep incurs no penalty. Worse, the law that allows businesses to write off the cost of inefficient vehicles is still on the books which will cost taxpayers more than $15 billion over the next decade.

Once an oil man, always an oil man...
Tax breaks benefiting buyers of sports-utility vehicles fly in the face of a good energy policy and are costing American taxpayers billions of dollars a year, according to a report from Rep. Edward Markey.
More...

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