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Unformatted text preview: being a tax incentive for car buyers. The tax incentive for car buyers would allow the deduction of sales tax and loan interest that were made this year. The deputy director of Peterson Institute of International Economics said there were some problems with both of the amendments. The problem with the economic stimulus package created for homebuyers is that homebuyers would have issues with getting receiving mortgages due to the tightness in the credit markets. The issue with the tax incentive for car buyers is that they did not focus on fuel-efficient cars. With the additions on Wednesday, the total cost of the package has gone way over $900 billion, which is the limit that was set by President Obama. A final vote on the stimulus plan will become public as early as Thursday, February 5....
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This note was uploaded on 02/22/2012 for the course BUS 101 taught by Professor Rollins during the Spring '08 term at Miami University.
- Spring '08