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ReVolt: Obama wants you to pay even more for cars nobody wants (To increase tax credit to $10K)
Hotair ^ | 03/08/2012 | Tina Korbe

Posted on 03/08/2012 1:51:43 PM PST by SeekAndFind

In a speech before the Daimler Trucks North America manufacturing plant in Charlotte, N.C. today, the president delivered his answer to rising gas prices: He wants to increase the $7,500 tax credit for alternative-energy vehicles to $10,000, earmark $1 billion to reward cities that provide infrastructure for such vehicles, earmark an additional $650 million for a research program to increase the range and decrease the price of the vehicles, and repeal $4 billion of tax incentives for oil and gas companies.

Why? Here is a telltale paragraph from The New York Times:

The credit’s enhanced value would bring the purchase price of alternative-energy vehicles more in line with conventional models, supporters say. Partly because of the vehicles’ costs, sales have been a problem. General Motors announced last week that it was suspending production for five weeks of the Chevrolet Volt, a plug-in hybrid that Mr. Obama has promoted in the past. On Wednesday, he did not mention his goal of having one million electric vehicles on the nation’s roads in 2015.

So, supporters admit that, right now, the benefits of alternative-energy vehicles don’t yet outweigh the costs to consumers. To the producers of such vehicles, I say: Tough luck. The onus is on them to produce a product that consumers actually want to purchase at a price they can afford. Tax credits might give consumers more reason to purchase the vehicles, but it won’t give the producer any incentive to look for cheaper ways to manufacture them. The president’s tax credit ensures that taxpayers will continue to pay an arbitrarily high price for the vehicles long after the market would have brought costs down.

The tax code exists to raise revenue so the federal government can fulfill certain basic, essential functions that individuals or state and local governments cannot (like defend the nation from its enemies!). Tax credits, tax subsidies and tax penalties turn the tax code into an instrument to manipulate behavior instead. That some Republicans favor tax credits for oil and gas companies and that some Democrats favor tax credits for alternative energy companies reveals the problem inherent in the use of the tax code for such behavior manipulation: It leaves it up to politicians in Washington to determine what behavior is desirable. Let the people decide instead.


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bhofascism; chevyvolt; democrats; envirofascism; fail; greenfraud; obama; obamatruthfile; thegreenlie; volt

1 posted on 03/08/2012 1:51:47 PM PST by SeekAndFind
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To: SeekAndFind

Speaking of the tax credit, would anybody buy a Volt if the tax credit amounted to the entire price of the car?


2 posted on 03/08/2012 1:52:42 PM PST by SeekAndFind (question)
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To: SeekAndFind

Hell no!


3 posted on 03/08/2012 1:57:32 PM PST by EdReform (Oath Keepers - Guardians of the Republic - Honor your oath - Join us: www.oathkeepers.org)
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Gotta help GM recoup its losses.

What an outrage.


4 posted on 03/08/2012 1:57:51 PM PST by Gene Eric (Newt/Sarah 2012)
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To: SeekAndFind

I might possibly take one as a tax free gift if I did not have to pay to get rid of it at the end of its battery life.


5 posted on 03/08/2012 1:58:12 PM PST by HiTech RedNeck (Sometimes progressives find their scripture in the penumbra of sacred bathroom stall writings (Tzar))
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To: SeekAndFind

They ought to give them away in a sweepstakes.......

Sign up for Food Stamps and you are automatically entered to win a Volt!

Second prize: TWO VOLTS!............


6 posted on 03/08/2012 2:05:46 PM PST by Red Badger (If the Government can make you buy heath insurance, they can make you buy a Volt................)
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To: Gene Eric

The true outrage is from former GM bond holders.


7 posted on 03/08/2012 2:07:02 PM PST by Eric in the Ozarks (Beware the Sweater Vest)
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To: SeekAndFind

Speaking of the tax credit, would anybody buy a Volt if the tax credit amounted to the entire price of the car?

NO. I travel through heavy traffic daily with many delays. there is little to no support for these vehicles around here.
The vehicle itself is crap. and my electric bill is already to high.
Hey Obama take the volt and shove it UYA............


8 posted on 03/08/2012 2:08:09 PM PST by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
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To: Eric in the Ozarks

Apparently, they have no voice.


9 posted on 03/08/2012 2:09:49 PM PST by Gene Eric (Newt/Sarah 2012)
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To: SeekAndFind

Illinois is giving and additional 4k tax credit.


10 posted on 03/08/2012 2:15:17 PM PST by stylin19a (time to Obamanos)
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To: SeekAndFind

Payback to the tree hugging leftists who fund his campaign. Outrageous stuff.


11 posted on 03/08/2012 2:17:15 PM PST by jwalsh07
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To: SeekAndFind

Well if 0blah blah wants to sell sum karz, all he’s gotta do is cut the price to 5 bucks, and watch the demand go crazy!!


12 posted on 03/08/2012 2:40:36 PM PST by rawcatslyentist (Mohammedan law every woman must belong to a man will delay the end of slavery until Islam has ceased)
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To: SeekAndFind

He’s heartless! I should be given a new Volt for free, I’m entitled! I’m from some disadvanted group!


13 posted on 03/08/2012 3:11:51 PM PST by Made In The USA (This post may be recorded for quality purposes.)
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To: SeekAndFind

When is enough enough??

When do we put a stop to this thuggery from our own government??


14 posted on 03/08/2012 3:17:18 PM PST by DustyMoment (Congress - Another name for white collar criminals!!)
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To: SeekAndFind

Why not just give them away - for free!


15 posted on 03/08/2012 3:58:04 PM PST by Libloather (The epitome of civility.)
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To: SeekAndFind

Maybe Dick Obama will just give me one. I can park it in the drive to let the thugs think someone is at home when we are at work.


16 posted on 03/08/2012 5:39:50 PM PST by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: rawcatslyentist
Well if 0blah blah wants to sell sum karz, all he’s gotta do is cut the price to 5 bucks, and watch the demand go crazy!!

That smacks of free enterprise. These things must be done by government. If the Constitution mattered anymore, where in it would we find the power for the government to buy a private company?

17 posted on 03/09/2012 6:24:37 AM PST by Mind-numbed Robot
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