Hybrid
cars, trucks, and SUVs: All vehicles hybrid
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Small
business tax deduction for hybrid vehicles?
A couple of weeks ago I
complained about capped tax credits for hybrid
cars in light of the fact that there were no caps
on the $25,000.00+ small business tax deduction for
the worst gas-guzzlers. In that post,
I suggested transferring the small business tax
deduction from gas-guzzlers to hybrids. Well, I wasn't
the only one thinking about this issue.
“The tax code shouldn’t favor SUVs over
alternative energy cars for business owners,” said
Sen. Charles Grassley, an Iowa Republican and chairman
of the Finance Committee. (MSNBC)
While there is little talk of canceling the deduction
for 3 ton plus SUVs, at least hybrids would be
included in the mix.
Let's hope this gets pushed through!
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Hot
Issue:
Small
business tax deduction for hybrid vehicles?
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Hybrid
Car Buyer's Guide: Which hybrid vehicle is best for you?
If you are not sure which hybrid vehicle best
meets your needs, use our Buyer's Guide (more)
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We the people, must be the
difference. Join the revolution, buy a hybrid car
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