Senators Adopt Mikulski Auto Ownership Amendment to Stimulus Package

Senators have adopted an amendment offered by Senator Barbara Mikulski (D-MD) to the economic stimulus package (S.1 / H.R.1) by Voice Vote.  Prior to the Voice Vote, members agreed to waive a point of order offered by Senator Chuck Grassley (R-IA) that the amendment violated Budget Act provisions by a vote of 71 to 26.

This amendment would allow “most Americans to claim a tax deduction for the sales tax and any loan interest on the purchase of a new car between Nov. 12, 2008, and the end of 2009,” the New York Times reports. The article notes that it would add around $11 billion to the price tag of the stimulus.

More information can be found in an official amendment summary, linked here (pdf).

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2 Comments

Filed under Economy

2 responses to “Senators Adopt Mikulski Auto Ownership Amendment to Stimulus Package

  1. your site is very nice.
    can we link exchange

  2. This ammendement is now only valid from Feb 17th and only sales and local taxes are deductible.

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