believe09
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- Sep 26, 2007
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I am all for this, lol. As part of the auto bailout, Congress is considering two programs:
1.) Tax deductions for new car purchases...like you can deduct the interest yearly for your car loan just as you do your mortgage interest...and/or
2.) People with old cars are given vouchers for thousands of dollars to incent them to buy a new car. The old one is then crushed to ensure it is not sitting on a lot somewhere....
http://money.cnn.com/2009/01/23/autos/government_car_incentives/index.htm?postversion=2009012909
1.) Tax deductions for new car purchases...like you can deduct the interest yearly for your car loan just as you do your mortgage interest...and/or
2.) People with old cars are given vouchers for thousands of dollars to incent them to buy a new car. The old one is then crushed to ensure it is not sitting on a lot somewhere....
http://money.cnn.com/2009/01/23/autos/government_car_incentives/index.htm?postversion=2009012909