08-29-2006, 10:48 AM
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Active Enthusiast
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Hybrids: camry hybrid
Posts: 61
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Re: Tax Break
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Originally Posted by Orcrone
Could also be that Congress wanted it that way. Rather than give out more $3150 rebates for the Prius, they can give more $250 rebates for the GM products.
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Actually, considering the tax loopholes for SUVs, Hummers and the like in the end it costs much more the taxpayer what GM puts out there than the Priuses and TCHs. Under pressure, the Congress tried to change that, or sort of, back in 2004 but the result is that the heavyweight owners are still able to write-off the full amount they paid for their Hummer albeit over a couple more years instead of the first year of purchase. So no, the law is not there to protect the taxpayer, unfortunately.
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