UPDATE 1-US energy bill fails to end SUV tax loophole

Newswire

(updates with House rejects change in SUV loophole) WASHINGTON, Nov 17 (Reuters) - Republican leaders on Monday killed a Senate plan to close a loophole allowing small-business owners to deduct up to $100,000 from their taxable income 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. But the ...

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