Tax breaks for new car buyers?

WASHINGTON (AP) - February 3, 2009

The vote was 71-26 to allow many car buyers to claim an income tax deduction for the cost of automobile sales taxes and interest payments on car loans.

Sen. Barbara Mikulski proposed the tax break, which would go to individuals earning up to $125,000 and couples with incomes of as much as $250,000. Mikulski is a Democrat from Maryland.

The proposal was added to the stimulus bill making its way through Congress.

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