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).
2 responses to “Senators Adopt Mikulski Auto Ownership Amendment to Stimulus Package”
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This ammendement is now only valid from Feb 17th and only sales and local taxes are deductible.