Friday, January 23, 2009

Steve Kagen, Tax Breaks For the Rich?

From govtrack.us.

Look what Steve Kagen is trying to pass. It must be under the radar screen. My God, is this a tax credit for the rich?
"H.R. 650:
111st Congress

To amend the Internal Revenue Code of 1986 to increase the credit amount for new qualified alternative fuel motor vehicles weighing more than 26,000 pounds and to increase the credit for certain alternative fuel vehicle refueling properties, and for other purposes." H.R. 650: To amend the Internal Revenue Code of 1986 to increase the credit amount for new qualified... (GovTrack.us)

Sponsor: Rep. Steve Kagen [D-WI] (no cosponsors)



Can someone tell me what "credit for certain alternative fuel vehicle refueling properties, and for other purposes" means? I'm a conservative so I know nothing, I see nothing and hear nothing. Why is it for PROPERTIES?

If I was a democrat it probably means anyone who produces, sells ethanol or other alternative fuels in any way shape or form and own property will get tax breaks or a tax credit. Does this mean ethanol producers and gas stations will get tax breaks?

What about the rest of us out there.
Is this a payback for campaign money.

Where is the Main Stream Media?

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