Archive for February, 2009
Electric cars get charge from stimulus
Thanks to President Obama’s stimulus package, Americans can now get big tax breaks on more types of electric vehicles. The credits originally would have stopped after they had been claimed on 250,000 vehicles across the whole industry. Now the credits will apply on to up to 200,000 vehicles from any single manufacturer. The old rules, [...]
Senate votes to give a tax break to new car buyers
The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag approaching $900 billion. The vote was 71-26 to allow many car buyers to claim an income tax deduction for the cost of automobile sales taxes and [...]
