Want a tax break? Buy a new hybrid, right? Wrong. A Senate amendment added to the House stimulus package offers tax breaks on purchase of practically any new vehicle under $50,000. If it passes.
In response to the awful, no-good, very bad car sales market, the Senate voted overwhelmingly, 71-26, in favor of a provision allowing a tax break for someone buying a new car or light truck in late 2008 or 2009. It's estimated this will save the average family $1,500 towards the purchase of a new car costing $25,000.