Better Buy Your Hummer Now

Time is running out on getting a $25,000 tax break when you buy a Hummer.

From ABC News...

Now some members of Congress are pushing to close the so-called Hummer Tax Loophole. Led by Rep. Earl Blumenauer, D-Ore., the Ways and Means Committee passed an energy bill last week that is expected on the House floor next month.

"We're allowing people to buy a huge expensive gas guzzler and get a benefit that was never intended for them," Blumenauer told ABCNEWS.com.

He explains that the provision in the tax code was originally intended to allow farmers and small-business owners to recover the cost of buying trucks and heavy-duty working vehicles. "But that was before the explosion of huge SUVs like Cadillac Escalades and now we're providing a tax break for a luxury car."

This reminded me of this quote by Sen. Dick Durbin from last year...

I personally think if you want to drive a Hummer, you ought to join the Army.

Then you might actually deserve getting a tax break.