A hummer of a loophole

Cowboy hat By Jim Hightower - Sat., 5/1/04

A promotional letter from a Hummer dealer excitedly made this pitch: "Allow me to introduce you to a fabulous opportunity. A tax loophole so big you could drive a Hummer H2 through it!"

I'm afraid he wasn't exaggerating. Tucked in the trunk of George W.'s tax cuts for the rich is a provision that allows businesses to deduct up to $100,000 for the full cost of big SUV's.

In this era of federal deficit, overconsumption of foreign oil, and global warming, the Bushites encourage rich people to get a tax cut by buying the hoggiest gas guzzlers in the entire auto kingdom. Bush's loophole only applies to vehicles weighing 6,000 pounds or more—Hummers, Range Rovers, Navigators, etc. Even the Ford Explorer or Chevy Suburban don't qualify.

Why should we subsidize rich people so they can drive a glorified hog for their latte runs? To help shut down this loophole, call Taxpayers for Common Sense: 1-800-taxpayer.



Filed Under: Corporate greed