Senate aims to end SUV loophole in US energy bill

Newswire

WASHINGTON, Nov 17 (Reuters) - Senate energy bill negotiators voted on Monday to close a loophole allowing small-business owners to deduct up to $100,000 from their taxes for buying a luxury sport utility vehicle. Language eliminating the SUV loophole was inserted into the Senate's version of a broad energy bill, which also has $23.4 billion in tax breaks for oil, natural gas, coal and other energy sources. The Senate version of the bill must be reconciled with the House language before ...

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