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12/25/2002 Entry: "Close the section 179 loophole and start giving away hybrids !"

The government gives SUV owners a simply enormous tax break:

At the same time the tax code sanctions $30,000 write-offs for SUVs, prospective purchasers of a fuel-efficient hybrid vehicles qualify for a relatively small $4,000 tax credit.

Actually the hybrid tax credit is only $2,000. The SUV tax break is more than the price of my Insight. Way, way more. And to add insult to injury, after the giveaway, the SUV turns out to be a couple thousand dollars cheaper.

How pathetic. The government could close the Section 179 loophole, start giving away hybrids and still save money.