Although many political observers are still questioning what was accomplished during the session of the 108th Congress, the Bush administration and other legislators are eagerly touting the passage of a 633-page tax bill called the "American Jobs Creation Act of 2004."
Commentator Connie Rice has her own name for this bill -- the "Corporate Looting and Piracy Act." She says the legislation will create few jobs, but billions in corporate welfare. Rice says there are so many absurd "riders" in the bill that it was hard to pick out just 10 for her latest list: Top 10 Outrages of the 2004 Corporate Tax Bill:
(6.) The Fat SUV Tax Break Preservation Provision:
"Congress was supposed to end the absurd $100,000 write-off for three-ton SUV's like the Hummer -- but instead reduced the write-off to $25,000," Rice says. "The write-off for a zero-emission Toyota Prius? still $2,500."
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Top 10 Outrages of the Corporate Tax Bill
Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by jkash, Oct 20, 2004.
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Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by jkash, Oct 20, 2004.
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