[ChuckShick]

Geeeez.

[Blueflag]

IIRC, you could only accelerate the write off, not write off more. Business deduction is still there.

[EggsAckley]

I need to buy a farm pick up truck. Wonder if this will apply to THAT too.

[showme_the_Glory]

Doesn't F'n have an SUV. Oh, that's right, it belongs to his family.

[Extremely Extreme Extremist]

Forcing small businesses to haul stuff around in Geo Metros, driving up costs and delays.

[gubamyster]

I don't know how they will structure this - if it will just apply to vehicles, but currently Section 179 depreciation applies to all equipment used in businesses. I had many clients who went out & purchased not only vehicles, but other equipment right before the year-end to get the break. This deduction stimulated growth in the economy by stimulating business equipment purchases.

[TBarnett34]

[12 Gauge Mossberg]

This is what happens when you have a convoluted income tax system. Politicians cave in to pressure from liberal special-interest groups, and rewrite legislation that affects other groups. If they're going to kill this loophole then they might as well kill all tax loopholes and deductions and just implement a damn flat tax. This will definetly hurt seasonal and self-employed people. Seriously, it's time the people rise up and demand a simple tax code without all the B.S.

[Mr. K]

THANK GOD THE GOVT HAS FOUND ANOTHER WAY TO GET MORE TAXES!

/sarcasm

[Atlas Sneezed]

Rats. I was going to buy one in 2005.

Now I won't.

Tax policy changes have unintended consequences.

[Modernman]

Don't get too upset by this. This loophole was mostly used by lawyers and doctors as a way to write off their family Hummer or Navigator.

[skebo]

When will the rollback take affect, next year? Can I still buy my vehicle before the end of the year and qualifyfor the full deduction?