A Hummerdinger of a Tax Loophole? (washingtonpost.com)

A Hummerdinger of a Tax Loophole? (washingtonpost.com): "'Allow me to introduce you to a fabulous opportunity,' Chris Thorpe, a sales representative for Hummer of Alaska, writes in a promotion letter. 'A tax 'loophole' so big you could drive a Hummer H2 through it! Imagine being able to purchase the #1 large luxury SUV in America today . . . and receive a deduction for the entire purchase amount from your taxes this year!'
'How is this possible?' Thorpe asks. 'Thanks to the Bush administration's recent economic stimulus package, small businesses and the self-employed are eligible to deduct the entire purchase cost of new equipment up to $100,000 the year of the purchase.'"

I remember hearing that this was a part of that economic stimulus package. Yea, the one that makes energy conservation a national priority. Uh-huh, that one.