Lawmakers Push To Constrict Hummer Tax Loophole

Law360, New York (June 18, 2007, 12:00 AM EDT) -- A group of lawmakers on Sunday night introduced a bill in the U.S. House of Representatives to shrink the so-called “Hummer Tax Loophole,” claiming it grants tax breaks to some of the sports utility vehicles that guzzle the most gas.

“Forget about 0% financing, this kind of incentive unfairly skews the market away from the more efficient, cleaner cars and SUVs American businesses and families say they want,” said Rep. Edward Markey (D-Mass.), chair of the House Select Committee on Energy Independence and Global Warming and...
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