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Bennett backs tax break for fuel efficiency.

WASHINGTON - The first member of Congress to own a hybrid vehicle, Utah Sen. Bob Bennett, wants to offer better incentives for Americans to buy more fuel-efficient cars and trucks. Bennett, R-Utah, and Oregon Democratic Sen. Ron Wyden unveiled legislation Monday to offer a tax break of between $630 and $1,860 for consumers buying new, fuel-efficient vehicles as motivation to wean the nation off its oil dependence. The tax break - which they say could also be used as a cash rebate on a car purchase - would be offset under the duo's plan by rolling back a tax deduction used by large oil companies for drilling and development costs.

Bennett backs tax break for fuel efficiency.
xcel, Sep 19, 2006
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