Let’s get this Freepathon rolling, Folks!
Posted on 04/01/2019 12:20:37 PM PDT by jazusamo
Rep. Ro Khanna (D-Calif.) said Monday that he's planning to introduce legislation in the coming weeks to expand the electric vehicle tax credit and link it to domestic manufacturing, calling the bill a way to help both the environment and the economy.
"That's a pretty concrete application of how the Green New Deal can create jobs in the United States," Khanna, the first vice chair of the Congressional Progressive Caucus, told reporters.
Under current law, people who purchase new electric vehicles can receive a tax credit of up to $7,500. The amount of the credit phases out after a manufacturer has sold more than 200,000 electric vehicles in the United States.
In recent months, the IRS has announced that Tesla and General Motors (GM) have each sold more than 200,000 vehicles eligible for credits of $7,500, so those who purchase Tesla electric vehicles after Jan. 1 and those who purchase GM electric vehicles after April 1 will receive smaller credit amounts.
Khanna said that under his legislation there would no longer be a cap of 200,000 and the credit would be fully refundable at the time of purchase, but the credit would be linked to automobile companies producing vehicles in the United States.
The legislation comes after GM closed a plant in Lordstown, Ohio, last month, drawing criticism from President Trump and lawmakers on both sides of the aisle.
"Instead of Trump yelling at the GM CEO on Twitter to open up factories, which has no effect other than storing up his base, this would say to GM, open up those factories and you can make electric SUVs because the government is actually going to help subsidize that," Khanna said.
Trump's fiscal 2020 budget proposes repealing the electric vehicle tax credit, which the administration estimates would reduce the deficit by $2.5 billion over 10 years.
The legislation also comes as leading progressives have championed a Green New Deal to reduce greenhouse gas emissions and create green jobs. Khanna said that his bill would be a specific example of how to boost jobs while also benefiting the environment.
"What we're interested in doing is putting some very concrete suggestions on what win-wins would look like for industry and jobs and the environment, so that we can cut through the noise and misinformation campaign that the Republicans have been waging against the Green New Deal," he said.
So taxpayers are subsidizing your electric car purchase.
Progressives really like those coal-powered cars.
If these cars are a great idea and value, there would be no need for the transfer of money from productive innocent people to those who would like an electric vehicle.
I detest the government steeling money from us (taxpayers) to transfer to others who did not earn it, just because a few uniparty types like or favor some group.
I couldn’t agree more, these EV tax credits are criminal in my view.
This is what passes for the brightest in SillyConjob Valley.
Subsidies for Everybody and Everything GReen!!! Typical Proge$$ive.
They should expand it to include internal combustion cars, for the sake of inclusiveness, tolerance and fairness.
I love how the hated SUVs will be golden if they are electric.
Which means that people with fuel driven cars pay for the roads with fuel taxes and the EV’s get a break.
Being unable to get across-the-board tax cuts, I’m all for tax credits wherever we can get them.
You earn what you can, and gov’t confiscates less of it (at least under some conditions).
Yeah if the product is so ####ing good you don’t need subsidies.
I don’t think I’m ready yet to drive my Challenger to the nearest dealership and see how much I can get towards an electric car.
Let’s get this Freepathon rolling, Folks!
Tax cuts and tax credits are a good thing. Anything such as tax credits that help industry in the USA is probably good. Electric cars are more practical than you think. (Tesla is a huge employer around here by the way.) I hope Pres. Trump finds nothing noxious in this bill and signs it. Who cares who proposed it, if it is good for our economy.
Exactly! Taxpayers shouldn’t be subsidizing EV’s for other people.
So the middle class can subsidize the elite driving around in their Teslas.
Evidently you didn’t read the whole article, President Trump proposes repealing the electric vehicle tax credit.
“Dem to offer bill to expand electric vehicle tax credit”
What? To justify the tripling of electric taxes to offset your money trough loss on gas taxes?
Let’s see
Tesla owners bill the rest of for their bene’s of ownership.
7,500 tax credit(why isn’t there one for Ford reducing their CAFE?)
They don’t pay gas taxes to maintain the roads they drive on.
They get preferential rights to be in the HOV/Carpool lane and again, they pay no taxes to support the roads they drive on
Tesla is luxury car like Mercedes or BMW who’s owners do not enjoy the taxpayer bene’s or incentives to purchase.
In California, they are a burden on an already over burden electric system.
Where do Tesla’s go when they die?
I you look at the entire life of an electric car from beginning to end then the conclusion is that Electric cars are worse for the environment than Gas powered ones. The whole thing is a scam. And not one that I should have to pay for.
Coal cars. Nice.
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