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This is gonna help used car prices and hurt new car sales...

So dumb!
 

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Man that's rough. So, am I understanding this correctly, a $300K car the Luxury tax would be $30K?
Great, more money for the politicians to squander. :rolleyes:
Newer vehicles in the $3.5 trillion Biden Bernie socialist budget is going to try and get new cars to have monitoring devices, such that drivers get taxed on miles driven. Zoinks Shaggy!!!!!
 

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Newer vehicles in the $3.5 trillion Biden Bernie socialist budget is going to try and get new cars to have monitoring devices, such that drivers get taxed on miles driven. Zoinks Shaggy!!!!!
I hope you are joking but in 1990 the Clinton administration helped get a luxury car tax passed. Fortunately, it expired in 2002 and the reason................

"The tax was not renewed by Congress after it expired due to its unpopularity with consumers and car manufacturers alike." What a surprise! :giggle:
 

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I hope you are joking but in 1990 the Clinton administration helped get a luxury car tax passed. Fortunately, it expired in 2002 and the reason................

"The tax was not renewed by Congress after it expired due to its unpopularity with consumers and car manufacturers alike." What a surprise! :giggle:
The monitoring device will be an open platform for future technology that the NSA wants. They will track your location, they will shutdown your vehicle remotely, they will restrict speed and illegal acceleration. Nice! Orwell wants 1984 back!
 
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