U.S. Senate passes tax break for new car buyers

No one at this point doubts the country's, or the world's, economic woes, most especially those within the car industry. So the passage today of a Senate bill allowing the deduction of sales tax and interest paid on new car purchases made between November 12, 2008 and the end of 2009 comes as a welcome aid. Clearing the floor with a 71-26 majority, the bill will allow single taxpayers earning as much as $125,000 and couples with combined incomes as high as $250,000 file for the tax break, reports the AP.