Like a vampire, the luxury tax just won't die easily. Some U.S. senators are flirting with extending the luxury tax on upmarket vehicles beyond its current expiration date of 2003.
The tax on such luxuries as expensive jewels, boats, furs and cars was passed in 1990, when you could at least argue that the government needed the cash. But, astonishingly, it was repealed within two years for everything but the only 'luxury' item that was a necessity: the car.
Now it is supposed to be quietly phased out.
Drive a stake through its heart, senators. The goofy tax intrudes on the marketplace, and at the margins it can cost jobs. RIP.