What cars are these? The congress inplemented a tax code that gave the consumer a 100% credit on taxes if you bought a vehicle with a GVW of 6000 pounds and used it in business. The SUV and Truck craze took off in the last couple of years. There is still a 100% tax credit this year for that. Almost everyone I worked with bought a truck or SUV these last few years. I work in the real estate industry do alot of business with builders. If the truck or SUV cost $50,000 brand new, remember it had to be brand new, you could deduct $50,000 from your $100,000 or $200,000 gross schedule C wages.
Did congress with their tax code help to seal the fate of the detroit auto makers, "making the cars people didn't want"?
Am I mistaken that Congress mandated that carmakers make a certain proportion of their production have a certain mileage -- or that their entire production average a certain mileage? If I am not, then for all those pickups and other truck framed vehicles they would have to make a proportionate number of low mileage vehicles, whether or not they thought they would sell.
So I understood it anyway.