Buy Cars – A message to Washington on the stimulus

You want people to buy cars in this environment? This is what should be implemented by Washington today!

For the next 18 months…

1. If you purchase a hybrid vehicle, your sales tax, interest, and principal is all deductible up to a cap of $30,000. Period. *** OR ***
2. If you purchase a vehicle with rated MPG greater than 30 MPG, your sales tax, interest, and principal is all deductible up to a cap of $20,000. Period.

• This incents people to purchase a vehicle.
• This provided additional incentive to people to purchase a hybrid. Environmental Win.
• This provides auto manufacturers incentive to creat high mpg vehicles and hybrids. This is better than strong-arming the auto manufacturers. If they want to be in business, they’ll do it.
• The money lost from government revenue would be the same as if they subsidized some auto-related program.
• Consumers who really need a car and are holding off, may decide to step up. It is too good to pass up.

Makes Sense. Simple. Right to the point. And No protectionism.

Please pass this around to people, your congress-people, and President Obama.

(photo msnbcmedia2.msn.com)