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[Green Car Advisor] The Senate has added a small car-buying incentive to the now $900-billion economic stimulus plan. It would allow new-car buyers to claim federal income tax deductions for sales taxes and interest payments on auto loans .

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[taxgirl] Tax Breaks for New Cars Not Yet Law | taxgirl: I’m just saying that the Senate offered up the bill as specifically directed towards boosting US automakers (the big 3) and I don’t think this bill does that. I think it’s shortsighted on a lot of levels - much as Miranda pointed out (and I had not considered) that it does nothing to help those selling or buying used cars!

[Kansas City Star: Politics] WHO GETS WHAT: Billions available for taxpayers - Kansas City Star: In the economic stimulus package working its way through Congress, first-time home buyers could get a tax credit of up to $7,500 if they buy homes in the next few months of 2009. The credit refunds 10 percent of the purchase price, up to $7,500, to couples with incomes of less than $150,000.

[The Buffalo News: National] Bill offers tax break for buyers of new car : National : The ...: The stimulus bill remains a work in progress, following the House’s approval of its $819 billion version last week without any Republican votes in favor and an Oval Office meeting on Monday in which Obama and Democratic leaders discussed ways to reach across party lines.

[KansasCity.com Prime Buzz - Today's political intelligence and insight] Tax cuts: Who gets what in the stimulus bill | KansasCity.com ...: WASHINGTON (AP) ”” Sending a kid to college, purchasing a new car, buying a first home or making the one you own more energy efficient. Those are a few of the ways Americans might cut their tax bills under the economic stimulus package Congress is crafting.

[Price and Drive's Blog] Tax Credit on the Table « Price and Drive’s Blog: This will allow Americans to claim a tax deduction for sales tax and loan interest on the purchase of a new car taking place between Nov. 12, 2008 and the end of 2009.

[The Bing Blog] Thanks, Senate! For NOTHING. - The Bing Blog: Many companies are suffering right now because of the credit squeeze, lets blame it on that for now, but there are going to be companies that will survive, and those that will survive are going to be the ones able to quickly adapt to the conditions, able to turn 90 degrees to change direction on a dime, able and willing to make whatever sacrifice they need to,,,,The companies not able to do so they will, and should disappear, this crisis is the big meteor that made the dinosaurs go extinct,,,GM, Ford and Chrysler are big dinosaurs,,, how come Paccar, Caterpillar and John Deere are not begging for big daddy to come to the rescue???? Another curious fact: The GM and Ford plants in Mexico are more productive that the ones in the USA,,,,,,,,,,,,, is it because of the UAW????

[The Truth About Cars] Editorial: Between the Lines: Pelosi/Reid Letter to Detroit | The ...: Unfortunately, the Bush Administration and the Federal Reserve have thus far declined to use their powers to improve our nation’s financial stability by assisting the auto industry. Notwithstanding existing authorities, this Congress is prepared to consider additional legislation that would give the assistance you seek, provided that you submit a credible restructuring plan that results in a viable industry, with quality jobs, and economic opportunity for the 21st century while protecting taxpayer investments.

[Auto Trader Car Headlines with News, Car Reviews and Sports Cars] Merrill & Wachovia give up the ghost | Auto Trader Car Headlines ...: It may be able to expand financial services when the world is hoping for even a modest recovery.Continue reading Merrill & Wachovia give up the ghostMerrill & Wachovia give up the ghost originally appeared on BloggingStocks on Fri, .

[MotorTrend Magazine Blogs] GM, Ford, Chrysler, Bankruptcy and Bailout | Car News Blog at ...: In September, one of those manufacturers, Mercedes-Benz, announced it would cut back production of the M-Class (basis for the next Grand Cherokee) and GL-Class it builds there. Honda and Hyundai production probably are safe in Alabama, but the other automaker with a factory in that state is Toyota, whose imported products have been clogging up the docks at Long Beach, California, along with those from Mercedes and Nissan.

[The Housing Bubble Blog] The Housing Bubble Blog » Bits Bucket For December 24, 2008: The legislation was introduced earlier this year, but the Senate did not take it up. The sponsors have long said they plan to pursue it when the .

[Balloon Juice] Balloon Juice » Blog Archive » The Auto Industry As a Play: In October 2004, after the House Ways and Means Committee approved a three-year extension of the $100000 loophole, a House-Senate conference committee negotiated a roll back in the deduction to its original amount of $25000 as part ....

[The Hill's Blog Briefing Room] The Hill’s Blog Briefing Room » Mich. Gov.: Vote Against Auto ...: the un-American Republican senators should take a pay cut and live on about 400.00 per week for about 1 year and I guarantee that they would know what it's like to be the so called average Joe.As far as I'm concerned the Republicans are pissed off that Obama was elected to be our President and I know that this is nothing but a pay back from the sore losers that lost the election. I say maybe it's time to terminate the Republican party from this country altogether and it would be a much better place without the warmongers who hate the unions of this country who stands up for workers rights so that we can make a decent living.

[Cafferty File] Cafferty File: Tell Jack how you really feel Blog Archive ...: Very worried, I’m unemployed so far, My only retirement fund is the take a penny leave a penny fund down at the local taco bell, and no one seems to be leaving any pennies these days!

[The Housing Bubble Blog] The Housing Bubble Blog » When The Music Stopped In Florida: “The shaken consumer confidence that so intimately governs car purchases is not likely to rebound any time soon, said Jesse Toprak, director of industry analysis at the car-buying Web site Edmunds.com. ‘The only thing automakers can do in the short term is to make the deals better,’

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