Way to go Senate

The Senate just approved a $11.5 billion addition to the stimulus that would make sales tax and interest payed on car loans deductible. There doesn't appear to be any phase-out for income levels or particular kind of car. So this means some multi-millionaire wants to buy a $200,000 Bentley, he can deduct the sales tax and the interest. On the other hand, those of us making over $70,000 this year will be unable to deduct a cent of the interest on our student loans. Glad to see that buying expensive import cars is more important to the overall health of the economy than, say, higher education.