It seems as if we have a new kind of economic privilege in America.
The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag approaching $900 billion.So government is now the marketing arm of the auto companies offering discounts to entice buyers? Do these critters have any idea of how foolish they look?
The 71-26 vote came as President Barack Obama said he lies awake nights worrying about the economy, and signaled opposition to congressional attempts to insert "buy American" provisions into the legislation for fear it would spark a trade war.
Sen. Barbara Mikulski led the successful effort to allow many car buyers to claim an income tax deduction for sales taxes paid on new autos and interest payments on car loans.
She said the plan would aid the beleaguered automobile industry as well as create jobs at a time the economy is losing them at a rapid rate. "I believe we can help by getting the consumer into the showroom," she said.
And what is this "if you buy a new car you get a tax break". If you buy a used car - nada. Don't people selling used cars deserve to have their market propped up? What makes them unworthy? Probably not enough union labor in the used car business to make it worth a politician's time.
Cross Posted at Classical Values