Says the republican:

Some critics of the program remain. Sen. Tom Coburn (R-Okla.) told the New York Daily News, “Here we are incentivizing the purchase of cars, [and] we’re taking money from our grandkids by adding to the national debt…Why not incentivize demand for boats? Or how about RVs?”

Dear republican, recall this:

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.)

And what was the Bush thinking:

In hopes of encouraging more business spending to help jump-start the economy, President Bush’s new Economic Stimulus Plan would triple the equipment deduction currently available to small business owners (from $25,000 to $75,000) — enough to make some of the largest, most luxurious SUVs fully deductible.

Really, luxury cars for small businesses?

Thanks to a generous tax credit, Karl Wizinsky is driving a very large vehicle these days—a 2002 Ford Excursion.

“It doesn’t hurt to have a larger vehicle, but I wouldn’t say it’s a requirement of my business,” he said on a cell phone while driving the Excursion. “But I ended up saving $32,000.”

The government under republican rule was basically buying SUVs for rich people.

Charles Mudede—who writes about film, books, music, and his life in Rhodesia, Zimbabwe, the USA, and the UK for The Stranger—was born near a steel plant in Kwe Kwe, Zimbabwe. He has no memory...

8 replies on “Clunker Opposition and Memory Loss”

  4. This is sadly true. My (least favorite) uncle who is a doctor got a $25K tax credit as long as he drove his big ass SUV on a truck chassis to and from the doctor’s office. Pissed me off then, pisses me off now.

  5. And now we subsidize rich people buying new cars again.

    I don’t think it’s wrong, I think it’s wrong no one’s giving me 4500 dollars for not having a fucking car at all.

  6. Did we ever get rid of that “corporate” subsidy?

    I don’t think so.

    Remember, only stupid rich people pay the full tax rate – most of them pay 8 percent federal tax rates while you renters pay the full rate and most middle class families pay near the top rate.

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