Posted on 10/29/2021 8:33:41 AM PDT by rktman
The House version of President Joe Biden’s Build Back Better bill offers a tax credit for electric vehicles costing up to $74,000.
The bill would offer a series of additional tax credits for electric vehicles for up to $12,500.
Buyers get a $4,500 tax credit if they purchase union-made vehicles, putting electric car manufactures like Tesla, Toyota, and Honda at a competitive disadvantage with companies like Ford and General Motors who hire union labor. Elon Musk has previously criticized the special tax credit as a carveout for union lobbyists.
The bill does include price limits on electric vehicles eligible for the tax credit, but they increase depending on the style of the vehicle.
An electric van costing up to $64,000 is eligible for a tax credit as well as an electric SUV costing up to $69,000.
Electric pickups can cost up to $74,000 and still get a tax credit. Other vehicles are limited at $55,000.
Biden has praised the electric Ford F-150 pickup effusively and even drove an electric Jeep around at the White House.
(Excerpt) Read more at breitbart.com ...
>>Elon Musk has previously criticized the special tax credit as a carveout for union lobbyists.
Elon is always opposed to special tax credits - unless they benefit him.
Stop picking winners and losers - no tax credits for any car purchases, Tesla or Ford - all tax credits do is increase the price of the cars - consumers don’t benefit and it is just anther corporate welfare.
Giving tax credits for college didn’t help keep the cost down, in fact it made them go up faster - same holds true for electric cars.
If Tesla wants to sell more cars than Ford, then sell it for less, or make it so much better the consume decides to pay more - government needs to stay out of it.
“... and even drove an electric Jeep around at the White House.”
Wow, I’m sold.
Good thing I can walk to stores nearby. One of the benefits city living. (If you ignore the violence...)
Another pile in Biden’s Bucket of....
No, it means I created jobs for 50,000 people directly and, through parts suppliers & supporting professions, ~250,000 people indirectly, thus supporting half a million families. What have you done?— Elon Musk (@elonmusk) July 10, 2018
....and all the street lights fade in and out and out.....
Buyers get a $4,500 tax credit if they purchase union-made vehicles, putting electric car manufacturers like Tesla, Toyota, and Honda at a competitive disadvantage with companies like Ford and General Motors who hire union labor.
Hey, it worked for Zero, and resulted in sky-high used vehicle prices.
And they sent all of America’s clunkers to f’ing Communist China to help build their war machine!!!!!!!!!!!!
Not.
“Good thing I can walk to stores nearby. One of the benefits city living.(If you ignore the violence...)”
We live out in the sticks.The closest food store such as a Krogers is 40 minutes away by car. It’s also hill and curvy appalachian roads so we go through brakes and tires like crazy.
The good points is no one bothers us, we have zero crime, we go to bed with our doors unlocked.
Our less than 400 population town culturally is still in the 1950’s. We have a gas station-small conveience store, post office, feed mill with a small hardware store attached that is it.
The retired FBI couple from DC built a small horse farm down the road from us. They found our town when travelling through on their motorcycles.
They joked thye thought they were in a twilight zone episode or land that time forgot. Fell in love with the place and stayed
I’m guessing most of the ‘extra’ money in this bill will go to prop up the power and privilege of white liberal ‘elites’... (that includes 98% of the climate change graft)..
A subsidy for the rich, let the rest bicycle. I hope we have a French Revolution and bring back the guillotine.
Musk CAN sell for less-—He doesn’t have to kow-tow to the unions.
it was probably one of those battery powered kids cars...
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