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GM Wants Congress to Extend an Electric Vehicle Tax Credit That Trump Dislikes
Fortune via Yahoo ^ | 12/10/2018 | Uncredited

Posted on 12/10/2018 1:17:32 PM PST by RightGeek

When General Motors announced plant closings and a 15% workforce cut, the plan was to plow savings into electric and autonomous vehicle development, which is seen as the industry’s future.

But selling electric vehicles (EVs) will get tough without a $7,500 credit that the Trump Administration has said will end. Now GM is fighting to keep the consumer tax credit, reported the Associated Press.

[SNIP] Many Republicans say the credit is a subsidy that wastes taxpayer money. The law that provides the credit caps its use when a manufacturer has sold 200,000 vehicles, a number that GM gm is close to reaching. President Trump said he was “looking at cutting all GM subsidies, including for electric cars,” when the company announced that it would close auto plants in the U.S. One of Trump’s campaign platforms was a promise to increase manufacturing jobs.

GM and others, including Tesla and Nissan, are pressuring Congress to end the cap and make the credit available going forward. The tax reduction makes electric vehicles more affordable for many.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
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Isn't it interesting how they can't make the connection the $7,500 isn't magic money. It's taken from taxpayers.
1 posted on 12/10/2018 1:17:32 PM PST by RightGeek
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To: RightGeek

Even with the $7500 subsidy, people don’t want them...................


2 posted on 12/10/2018 1:20:26 PM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: RightGeek

GM apparently needs to follow the path of Pontiac.


3 posted on 12/10/2018 1:20:40 PM PST by Paladin2
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To: RightGeek

The UAW running GM doesn’t care about the taxpayers footing that “credit” or whatever they’re calling it now.
Personally, they and GM can pound sand.


4 posted on 12/10/2018 1:21:06 PM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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To: RightGeek

“GM Wants Congress to Extend an Electric Vehicle Tax Credit That Trump Dislikes”

NO!


5 posted on 12/10/2018 1:21:32 PM PST by rockinqsranch (Dems, Libs, Socialists call 'em what you will they all have fairies livin' in their trees.)
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To: RightGeek

Pass a law that makes Hollywood and Silicon Valley liberals buy one whenever they buy a new Ferrari or Stretch Limo, etc. The see how long they last.........................


6 posted on 12/10/2018 1:22:41 PM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: RightGeek

“Isn’t it interesting how they can’t make the connection the $7,500 isn’t magic money. It’s taken from taxpayers.”

You don’t think we should be helping make a $60,000 car more affordable?


7 posted on 12/10/2018 1:23:58 PM PST by alternatives? (Why have an army if there are no borders?)
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To: Paladin2

And Oldsmobile, and Saturn, and Hummer, and SAAB, and .......


8 posted on 12/10/2018 1:24:59 PM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: rockinqsranch
They keep giving the President more and more reason to shut down the city.

With NO backpay.


9 posted on 12/10/2018 1:27:18 PM PST by Fightin Whitey
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To: Red Badger

Better...mandate that the CEO of GM and the other excecutive must drive ONLY this car.


10 posted on 12/10/2018 1:27:18 PM PST by ealgeone (SCRIPTURE DOES NOT CHANGE! However, Roman Catholicism has, does, and will change.)
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To: alternatives?

Whatever you tax you get less of.
Whatever you subsidize you get more of.

We have been subsidizing poor people until we have them coming across the border in droves.

We ought to tax them...................


11 posted on 12/10/2018 1:27:27 PM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: RightGeek

Give it to them ...in exchange for making the tax cuts permanent. Trump supposedly is the king of making deals, right? Or so they say.

I would have said trade it for the wall but there will be no wall.


12 posted on 12/10/2018 1:28:35 PM PST by plain talk
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To: Red Badger

GM killed the best and most storied names they had (sorry, Cadillac) and kept the mediocre. The amount of money they wasted developing Saturn would have bought them a majority of Toyota at the time!


13 posted on 12/10/2018 1:29:08 PM PST by Don W (When blacks riot, neighbourhoods and cities burn. When whites riot, nations and continents burn.)
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To: RightGeek

Remember, it’s not that Trump dislikes it, it’s that we dislike it. Trump is just in the way.


14 posted on 12/10/2018 1:29:35 PM PST by SpaceBar
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To: ealgeone

I will consider an electric automobile when they can get 400 miles per charge at 70+ MPH with heater or AC going and recharge in less than 15 minutes...........................


15 posted on 12/10/2018 1:29:44 PM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: alternatives?
I would like to know how they are going to make an electric full-size truck that has enough power to pull an RV, or a semi for that matter.

Seems pretty stupid when we have found even more oil for consumption in West Texas.

16 posted on 12/10/2018 1:30:10 PM PST by Slyfox (Not my circus, not my monkeys)
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To: Don W

I was surprised the killed off Saturn at the time. Never liked the name, though.

Should have deleted Buick instead................


17 posted on 12/10/2018 1:31:08 PM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: RightGeek

Suck an egg, or a lemon, or a Volt, all the same thing.


18 posted on 12/10/2018 1:34:36 PM PST by CincyRichieRich (PDJT, please re-teach the nation that crony capitalism is not capitalism!)
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To: Red Badger

There is almost no market for electric vehicles. The market is for the subsidy.


19 posted on 12/10/2018 1:36:13 PM PST by from occupied ga (Your government is your most dangerous enemy)
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To: RightGeek

So congress confiscates my money and gives it to my BIL and his commie wife who have 5 times the money I have and they got a woody for a Tesla that I could not afford if had any desire for it.

Really frosts me.


20 posted on 12/10/2018 1:36:47 PM PST by ChildOfThe60s (If you can remember the 60's....You weren't really there)
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