Report: Tax Bill Compromise Will Keep Electric-Car Tax Credits In Current Form
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After automakers and environmental groups lobbied hard, a Bloomberg report published Wednesday said the compromised tax-cut bill will retain the current electric-car tax credits. The credits are worth up to $7,500 and help automakers subsidize the cost of electrified vehicles.
The source told the outlet the electric-car tax credits are one of many provisions spared in the final bill, which Congress could vote on as soon as next week. The Senate’s bill didn’t touch the tax credits, while the House’s bill eliminated them, among many other popular credits and deductions. Notably, wind-energy tax credits will also remain. GM CEO Mary Barra also publically called for Congress to retain the credits.
Every automaker is eligible for the tax credits, which were part of a 2009 stimulus package, up to 200,000 vehicles sold. After 200,000 units, the credits enter a sunset period until they’re eventually reduced to zero. Even with the credits saved for now, automakers like General Motors, Nissan and Tesla are approaching the limit. The credits will certainly be up for discussion in the years to come.
GM specifically has plans to introduce 20 new electric cars by 2023. By then, some analysts believe electric cars will reach parity with the internal-combustion engine.
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Liberal Socialist Judges: WE HATE OIL AND GAS ! ! !
Gina McCarthy: Together with President Obama, I will KILL THE INTERNAL COMBUSTION ENGINE !!!
Obama: YEAH! And I will make my hero and Valentine BFF Elon Musk filthy rich at the expense of the dumb American Taxpayer…Ha…Ha….Ha !!!
Somewhere in Alabama:
BP: Sorry about the decayed plant spill man.
Liberal Socialist Judges: Now the fun starts…Ha…Ha…HA…we could fine you $100 Billion or we could fine you $20 Billion….the choice is yours.
BP: Ummm….$20 Billion please.
Liberal Socialist Judges: OK…All you have to do is tell the world that we’re gonna be out of oil in 50 years.
BP: But that’s nonesense!!
Liberal Socialist Judges: So you want to pay $100 Billion???
BP: Fine….50 years it is.
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meanwhile in Atlanta:
Gina McCarthy: You guys better start making some TESLAs real soon…we want to give everyone the anaI itching.
Matthias Muller: TESLA? What ze heck is TESLA? Ohhh…wait…yes….I know! All our PORSCHEs have ze fabulous Burmester sound system, making ze 1980’s rock bands sound really cool. You should check it out..no?
Gina: No..no..no…I mean electric cars! But, speaking of music, I loved Erasure…make sure that sounds good in your PORSCHEs.
Matthias: Erasure? Zhat just zounds gay.
Gina: Silence! Just give me electric cars or else!!!
Matthias: We don’t experiment on ze people. Remember zhat Arthur dude, and I quote from Gas 2.0: “BOY, ZHAT ZHEM PAIR OF LECTRIC MOTORS WILL MUTATE YOUR GONADS!”
Gina: ….foams at the mouth…turns red…steam comes out of all orifices…and some methane…
6 months later:
Liberal Socialist Judges: Do you want to pay $100 Billion or $15 Billion?
VW: Ummmm…$15 Billion please
Gina: And please put someone pro-LGBTQ in charge of PORSCHE!!!
Matthias: Zhouldn’t you be more concerned about zhis Flint zituation, Mz. McCarthy???
Gina: Who the hell is Flint? Is he gay? Well, tell him to send me his resume then.
VW: We will give you 5 LECTRIC models by 2030…OK?
Liberal Socialist Judges: Looks like you want to pay $100 Billion.
VW: Fine…20 LECTRIC models by 2022 it is.
LSJs: Deal! Now bend over and drop em…
Gina: Thanks judges….I’ve already got my strap-on ready for the party!!!
Matthias: I will not be back!
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meanwhile in Washington D.C:
General Motors: We’re sorry about the whole ignition thing.
Liberal Socialist Judges: Do you want to pay $12 Billion or $120 Million?
GM: Ummmm…$120 Million please
Obama: Just remember…there is a temporary absence of American leadership. Once we’re back, we will make sure all of you keep your end of the deal or else….just like I’ve got to keep my end of the deal that I made with the devil….otherwise he punishes me by making Michelle HORNY!….and everyone wonders why I never spend Valentines with her…she’s like the Moose…..Gina…don’t you ever give her back that strap-on!!!
Seems legit…
Conservative Fascist Pinheads: Screw green cars! I want my kids to die ASAP!
Ohhh….look….another libtard fogot forgot to look up definition of fascist.
Here are some synonyms:
HilLIARy
Clinton
Gee, do you think if Clinton got elected we would ever find out all the things we’re finding out about how Obama conspired with the Department of Justice to help push that fascist yeast infection on legs across the finish line?
What I want to know is why is everyone upset at Director Comey? I mean, he knew that the Colonel would easily beat President Trump, so he helped us Republicans by not spilling the beans on HilLIARy so she could grab the nomination with those greedy fascist feces-smeared hands.
Well the lobbyists were hard at work to keep this program alive for GM and others . Meanwhile the Corporations get their tax rate dropped to 21% with a promise to bring jobs back from overseas and employ more people to give the US economy a boost for a 4-5% growth rate .
The CHIP program , sorry little children we just can’t find money to continue the program ; we need to give the top 1% their tax break so they can trickle down on us . Oh and by the way those of you that are currently getting medical insurance , like 13 million of you , sorry you need to fend for your selves now because I want to make sure the multi-millionaires can leave their inheritance to the kids in the family a break on their taxes as well .
Giving a break to help sell EV’s is fine to jump start the industry but like any drug you can’t just stop you need to be weaned off of it , going cold turkey will hurt to much .
Can someone / anyone actually think that most of these EV’s will be built outside of the US . It will be years before EV’s sell at a rate that the ICE’s do .
So Corporations in the automotive world will get a tax break and we will continue to have to pay these companies to sell their products . How dang stupid does Congress think we are ?
This is $Billions and $Billions that we could have used to help so many Americans who suffered as a result of recent environmental disasters…..those Senators should be ashamed of themselves.
If the tax credit is modified, it should eliminate foreign brands, including all Asian brands, from that benefit. Only the domestic brands should get it because the foreign nations such as Japan don’t give any tax break to those buying American (which is an import to them). Or else, apply an import tax of the same credit amount to all the foreign brands and become neutral.
Over 50% of TESLA is made overseas, mostly in Asia.
Proof?