http://www.ems.org/ Environmental Media Services - facts and contacts for journalists Feb. 10 Tax Code Encourages Gas Guzzlers, Critics Say
A huge tax break for buyers of the largest SUVs is drawing sharp criticism from environmentalists and public interest advocates. The tax break, which costs the U.S. treasury thousands of dollars per vehicle purchased, has created an incentive for small business owners to buy vehicles that exceed a 6000 pound threshold for the deduction. Some new car dealers are using the tax break as a selling point for the largest SUVs and some tax advisors are also encouraging self-employed professionals to buy larger SUVs. Adding to the controversy, the Bush stimulus plan, in an effort to spur business investment, would increase the maximum deduction for large trucks and SUVs to $75,000. EMS.org has a chart comparing five vehicles that shows how the tax code favors large SUVs. Find out more: New York Times, "Bush Proposal May Cut Tax on S.U.V.'s for Business" Sierra Club, "Sierra Club to IRS: Audit Gas-Guzzling SUVs" Alliance to Save Energy, "SUV Tax Break 'Outrageous'" Detroit Free Press, Brian Dickerson column, "Tax Breaks and SUVs a Curious Mix" Detroit News, "SUV, Truck Owners Get a Big Tax Break" Taxpayers for Common Sense white paper, "A Hummer of a Tax Break" Taxpayers for Common Sense, "Senator to Introduce Bill to Close SUV Business Tax Loophole" Biofuels at Journey to Forever http://journeytoforever.org/biofuel.html Biofuel at WebConX http://webconx.green-trust.org/2000/biofuel/biofuel.htm List messages are archived at the Info-Archive at NNYTech: http://archive.nnytech.net/ To unsubscribe from this group, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
