Wallpapers
Automotive Economic Stimulus Package
29Apr
Senator Barbara Mikulski’s (D-Md.) amendment to allow the deduction of vehicle sales tax (Maryland, Virginia, Pennsylvania Titling Tax) is a part of the final Economic Stimulus Package signed into law February 17, 2009, by President Obama. This is a new opportunity for added incentives and tax rebates for automotive consumers.
In November, MileOne Automotive’s Saturn of York Road dealership was host to Senator Mikulski’s press conference announcing her automotive stimulus plan. The “Mikulski Auto Ownership Tax Assistance Amendment” was added to the Economic Stimulus Package. The Senator believes this stimulus plan will not only put money in consumers’ pockets, but help bring the automotive industry through the current economic situation. The tax incentives will create an increased demand for new vehicles driving increased sales at the dealership level and increased production from the manufacturers. The common denominator for the success of the automotive industry across all automotive verticals is the sale of new cars and trucks and the federal government can help drive this success by passing Senator Mikulski’s amendment thereby protecting the jobs and livelihoods of the six million Americans who work in the automotive industry.
Senator Mikulski Announces Automotive Stimulus from MileOne Automotive on Vimeo.