News and Opinion for Democrats Against Bush -- Part II
SUV Subsidies Cost $130 Million a Year in Revenue
PT. II - HOME PAGE
PT. II - CONTENTS
BUSH and the MEDIA
CIVIL RIGHTS
-- Gay Rights
THE ECONOMY
-- The Real Deficit
---- Deficit Lies
-- International Debt
---- Children Will Pay
-- Tax Cut Con Game
---- Tax-Cut Lies
------ to Small Business
---- Phony Benefits
---- Hurting States
---- Why Accepted?
---- Cuts Will Backfire
-- Low-Tax Mania
-- Move toward Flat Tax
-- Corp. Tax Dodgers
-- Corporate Welfare
---- Halliburton
-- The SUV Boondoggle
-- Unemploym't Worse
------ Comp. Denied
---- Jobs Not Created
-- Widespread Poverty
-- False Recovery
-- Stock Market
EDUCATION
-- Texas Sch. Scandals
-- Broken Promises
-- Abandoned Youth
-- College Aid Cut
-- Aid to Rich Colleges
-- Textbooks Censored
-- Acad. Freedom Denied
ELECTRONIC VOTING -- --- A Crucial Issue
ENERGY
-- Monstrous Bill
---- Allows Blackouts
---- Bi-Part. Oppos'n
-- New Energy Bill
ENVIRONMENT
-- Bush's "Eco-Speak"
---- How to Tell Lies
-- Crimes v. Nature
---- Air Pollution
---- Global Warming
---- Ozone Depletion
---- Chemical Hazards
---- Loss of Wildlife
-- States Combat Bush
---- Power Plant Suits
-- Pension Funds, Too
LABOR ISSUES
-- Worker Safety
-- Real Jobless Stats
-- Overtime in Danger
--"Productivity"
PUBLIC HEALTH
-- Poor Ranking
-- Privatized Socialism
-- Health Insurance
---- The Uninsured
------ Middle Class
-- Cost of Drugs
-- Medicare
---- A Cynical Bill
---- Favoring HMOs
---- $$ to Drug Co.s
---- Bait and Switch
---- AARP Sells Out
---- Bullying to Win
---- Australian Critique
---- Some Good News
-- Chill on Research
TRANSPORTATION
-- Amtrak
-- Mars vs. Amtrak
WAR OF IDEAS
-- Use of Language
WAR on TERROR
--'Enemy Combatants'
-- Ultra-Secret Trials
-- Homeland Insecurity
---- Funds Miss Needs
WAR on CIVIL RIGHTS
-- FBI Prying Grows
---- Targeting Protests
------ & Anti-Bush Talk
-- Computer Privacy
-- Patriot Act
---- Excesses
------ Cure - SAFE Act
---- Dangers
---- Author's Fear
---- Librarians' Warning
--"Patriot Act II"
---- Death for Protest?
---- Sneak Enactments
-- CAPPS II
---- GAO Criticisms
---- EFF Concerns
-- Guantanamo
---- Conditions
---- Legal Status
---- UK Judge's Blast
-- Torture Condoned
---- Canadian's Ordeal
-- Yousef Yee
WAR on SCIENCE
-- Scientists Accuse
---- Admin. Can't Deny
WAR on WOMEN
-- Abortion Truths
-- Notorious Photo
WAR on WORKING FAMILIES

"The original $ 25,000 break was created to help farmers purchase light trucks and tractors without having to pay a tax assessed on other expensive vehicles. But, the provision can provide massive financial benefits: the write-off for a 6,000 pound SUV can translate to a windfall of $33,000. Car dealers handling the heavier SUVs quickly took advantage of the loophole. The Joint Committee on Taxation estimated that closing the loophole could generate nearly $ 1.3 billion in revenue over 10 years. ... "  --Taxpayers for Common Sense

Seattle Post-Intelligencer

Monday, May 19, 2003

SUV tax cut

SEATTLE POST-INTELLIGENCER EDITORIAL BOARD

The complete article is currently (3/27/04) available on the Seattle P-I website at-- http://seattlepi.nwsource.com/opinion/122382_suv19.html

... Forget the little Cooper. Think big. Ogle a truck, an SUV, even a Hummer II.

How much would that vehicle cost? Say, up to $100,000.

But the price doesn't matter as much because if you buy the right vehicle -- a truck or SUV weighing at least 6,000 pounds -- the federal government will make it affordable.

Under current tax law, it's permissible to write off $25,000 from your taxes in the first year after the purchase of a 6,000-pound truck or SUV. (Then there's the gravy of 20 percent a year after that.)

But the Senate bill increases the tax deduction to $100,000. ...

1996-2004 Seattle Post-Intelligencer

Taxpayers for Common Sense

October 3, 2003

 

 


SENATE COMMITTEE SHRINKS SUV TAX BREAK

To read the complete article, click on-- http://www.taxpayer.net/TCS/PressReleases/2003/10-03SUV.htm

Excerpt--

Washington, D.C. - The Senate Finance Committee voted earlier this week to shrink a tax deduction for large Sport Utility Vehicles from $100,000 to $25,000, according to Taxpayers for Common Sense, a national budget watchdog organization.

“While this hummer of a tax break needs to be run over and killed, shrinking of it is a good first step,” said Keith Ashdown, Vice President of Policy at Taxpayers for Common Sense. “In light of record budget deficits, the Senators did the right thing in trying to limit one of the biggest giveaways in the tax code.” ...

The original $ 25,000 break was created to help farmers purchase light trucks and tractors without having to pay a tax assessed on other expensive vehicles. But, the provision can provide massive financial benefits: the write-off for a 6,000 pound SUV can translate to a windfall of $33,000. Car dealers handling the heavier SUVs quickly took advantage of the loophole. The Joint Committee on Taxation estimated that closing the loophole could generate nearly $ 1.3 billion in revenue over 10 years. ...

The SUV provision is part S. 1637, the “Jumpstart Our Business Strength (JOBS) Act

Taxpayers for Common Sense (TCS) is a non-partisan budget watchdog. TCS is dedicated to cutting wasteful spending and subsidies in order to achieve a responsible and efficient government that lives within its means.

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