Posted on 11/14/2024 6:52:40 PM PST by Oldeconomybuyer
Nov 14 (Reuters) - President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.
Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla (TSLA.O), opens new tab - by far the nation's biggest EV maker - have told a Trump-transition committee they support ending the subsidy, said the two sources, speaking on condition of anonymity.
(Excerpt) Read more at reuters.com ...
Musk doesn't need government subsidies to sell Teslas.
All the others do, though.
Can we kill the Ethanol Subsidy too?
He needs to do something with the Post Office if possible. Supposed to be a private company but suck at the Federal tit a lot.
The price of EV’s will drop by $7K. Yet the left will fail to realize that the tax credit artificially inflated EV prices all these years and actually harmed consumers.
HUZZAH!
EVs are a MASSIVE SCAM/BOONDOGGLE!
The so-called Renewable Fuel Standard is a creation of Congress.
Post office is one of the Federal government’s two original jobs in the Constitution. Other being Levy an army during war.
Instead the Fedzilla does everything but its original jobs.
“Can we kill the Ethanol Subsidy too?”
Yes, yes, yes.
You missed a few:
Section. 8.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
To constitute Tribunals inferior to the supreme Court;
To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
To make Rules for the Government and Regulation of the land and naval Forces;
To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—And
To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
Section. 9.
The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight, but a Tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.
The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.
No Bill of Attainder or ex post facto Law shall be passed.
No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.
No Tax or Duty shall be laid on Articles exported from any State.
No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another: nor shall Vessels bound to, or from, one State, be obliged to enter, clear, or pay Duties in another.
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.
No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.
CAUTION: What you are reading is 100% BS written by people who hate you and tried to murder your candidate.
Hear here!
Fantastic idea.
I’m a big Musk fan and he is simply taking advantage of the available taxpayer funding opportunities.
But c’mon, man! It is way past time to cut off the public funding spigot, whether it’s vehicle incentives, tax credits and the like.
Also please kill off support for NPR , solar energy and wind farms
Off to Mars...
“He needs to do something with the Post Office if possible. Supposed to be a private company but suck at the Federal tit a lot.”
Privatize every agency. Have government workers reapply for their jobs. Since the companies will have a financial stake in the process, they will want to increase their margins and will do that via worker attrition. I was on a government contract where we had 900 employees supporting a dozen GS workers. In the last year of the contract, we had less than 400 people on the payroll. At $100 an hour (Estimate) X 500 = we saved the government $2,000,000 a week or $104,000,000 the last year of the contract.
Multiply that by X amount of agencies and we are talking real money. Add into the equation, the rewriting of documentation, deliverables expected by the government and other costs the government will save by not having to pay insurance and benefits for government employees. We can save billions a year.
So - they now readily admit this was the plan all along?
Trump winning fomented a RE-creation of Congress.
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