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Senator Barbara Mikulski outlines her Automotive Stimulus Plan to be introduced as congressional legislation

Senator Barbara Mikulski delivers a press release outlining her Automotive Stimulus Plan to be introduced to legislation when the Senate reconvenes next week. The plan will help save American jobs, help American consumers and support America’s automobile industry.

“If you buy a passenger car, truck, SUV or Mini van between November 12th and December 31st of 2009. you will get a tax deduction on your sales tax and on the interest of your car loan.”

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Comment by David Ruggles on November 18, 2008 at 11:08am
It will be interesting if this applies to "gas guzzlers." That might kick up a storm! Does the government want to be seen as subsidizing the sale of these vehicles? As a practical matter, there are people who need to buy these vehicles, ranchers, farmers, for example. But subsidizing the sale of Navi's, Escalades, Expeditions, etc. for the purpose of carrying the golf clubs to the country club will set some to howling! A government subsidy on these expensive vehicles will by its nature be higher than on more practical vehicles for lower income people. Wonder how it will go over?

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