As Jody noted, it was an April Fool's joke.
Quote:
SENATOR SCHUMER “TAXING CLASSIC CARS” NEW YORK TIMES ARTICLE REVEALED AS ONLY AN APRIL FOOL’S PRANK
The Shelby American Automobile Club’s annual April Fool’s gag reached a much wider audience that anyone could have predicted. Initially a four-page newsletter was emailed to every member. It contained stories about a perpetual motion ’68 Shelby, a ’69 GT350 that supposedly got 40 miles per gallon and a bogus front page recreation of the New York Times, dated March 28th, that had two stories. One was a hoax about purported tax legislation being prepared by Sen. Charles Schumer, which would tax every collector car, antique, hot rod and race car in the country. This was, of course, concocted out of thin air. But it was, on the surface, believable and it hit numerous hot buttons of car owners.
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