Journalism & The Media Television, radio, movies, newspapers, magazines, the Internet and more.

Extended and increased tax break?

Thread Tools
 
Search this Thread
 
  #1  
Old 06-17-2005, 05:47 AM
billyt1963's Avatar
Active Enthusiast
Thread Starter
Join Date: Aug 2004
Location: Chattanooga, TN
Posts: 193
Default Extended and increased tax break?

Here is an article I found this morning:

WASHINGTON - Several of Utah Sen. Orrin Hatch's proposals to spur energy development and conservation - including a tax incentive for purchase of hybrid cars - were included in an energy bill before the Senate.
A key component of the tax package was the inclusion of the bulk of Hatch's CLEAR Act, which extends a tax break for the purchase of gas-electric hybrids or other alternative fuel vehicles. The breaks would range from $400 to $2,400, depending on the efficiency of the hybrid.
Full article: http://www.sltrib.com/business/ci_2807335


Billy
 
  #2  
Old 06-17-2005, 09:07 PM
Schwa's Avatar
Ridiculously Active Enthusiast
Join Date: Apr 2005
Location: Coquitlam, B.C.
Posts: 1,045
Default Re: Extended and increased tax break?

From the sound of it, (hopefully) the breaks will be aimed at the more efficient hybrids rather than the SUVs, as obviously those buying an SUV do not take as much of a financial hit as those buying a smaller car with the same added technology since there is a larger profit padding in the SUV models...
 
  #3  
Old 06-18-2005, 06:14 AM
Gas Pirates's Avatar
Happy Owner
Join Date: Mar 2005
Location: Coastal Maine
Posts: 70
Default Re: Extended and increased tax break?

Originally Posted by Schwa
... as obviously those buying an SUV do not take as much of a financial hit as those buying a smaller car with the same added technology since there is a larger profit padding in the SUV models...
Could you explain your thinking for me? When shopping for a new vehicle we had budgeted $20K, not the $28K the FEH ran us. (We were looking at another station wagon, not an SUV when we first started out.) From the get-go we knew we'd never recoup the $8K difference, but we felt better realizing we were doing something to reduce our personal dependence on gas. Any tax break or financial assistance we can get will help make us appreciate even more the value of a hybrid vehicle.
 
  #4  
Old 06-19-2005, 07:06 PM
Schwa's Avatar
Ridiculously Active Enthusiast
Join Date: Apr 2005
Location: Coquitlam, B.C.
Posts: 1,045
Default Re: Extended and increased tax break?

I'm not saying there should be no break for SUVs, what I meant was that I hope the breaks are proportional to the FE of the vehicles sold, thus encouraging (in general) higher FE when considering a new vehicle. My concern is not so much with the econo-SUVs as much as with the luxury models where the price tag is already very well inflated to begin with. A big break for them seems like a big waste of money, but a break is indeed in order for all hybrids, as long as they make a difference, and so far they are.

If they make the break in proportion to the cost of the vehicle then it's totally backwards, and won't encourage people to buy the more fuel efficient models, that would be yet another break for the more well-off.
 
Related Topics
Thread
Topic Starter
Forum
Replies
Last Post
Curated Content Editor
Journalism & The Media
0
05-04-2014 12:30 PM
gwilleford@satx.rr.com
Honda Civic Hybrid
3
03-02-2007 07:58 PM
ag4ever
Toyota Camry Hybrid
17
01-24-2007 12:02 PM
Eskrimast1
Journalism & The Media
4
08-25-2005 12:38 PM



Quick Reply: Extended and increased tax break?


Contact Us -

  • Manage Preferences
  • Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices -

    When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

    © 2024 MH Sub I, LLC dba Internet Brands


    All times are GMT -7. The time now is 04:42 PM.