Congress clears tax incentive for SUV purchases

Newswire

By John Crawley WASHINGTON, May 23 (Reuters) - Congress on Friday substantially widened a tax break that has been used by small businesses as an incentive to purchase the largest sport utility vehicles and pickup trucks. Supporters including President George W. Bush said the business equipment tax break, which was quadrupled to $100,000 in the $350 billion tax cut bill that narrowly cleared Congress, is good for the economy. But critics called it a loophole that unfairly benefits the ...

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