House Republicans propose to scrap $7,500 electric vehicle credit
1–10 of 161 posts
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#2And if they scrap oil subsidies too, the market can figure it all out. But looks like most direct and indirect O&G subsidies will remain.
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#3Curious if this would impact the yet-to-be-produced Tesla Model 3s or if it would only discourage future automakers from manufacturing EVs?
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#4I mean it's kind of the point of tax reform. You eliminate deductions that only wealthier people benefit from and lower the rate over all. You'll see a lot of deductions go away that are good on their own but in aggregate with all the other deductions give us such a massively complex system.
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#5I bought a Prius Prime earlier this year anticipating that such a move was possible.
This would be a real shame, though, because it does help level the playing field a bit given how much our country invests in oil.
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#6I mean it's kind of the point of tax reform. You eliminate deductions that only wealthier people benefit from and lower the rate over all. You'll see a lot of deductions go away that are good on their own but in aggregate with all the other deductions give us such a massively complex system.
The states and cities that are coming forward with ridiculous EV mandates should be the ones covering the subsidies, not the entire nation.
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#7I mean it's kind of the point of tax reform. You eliminate deductions that only wealthier people benefit from and lower the rate over all. You'll see a lot of deductions go away that are good on their own but in aggregate with all the other deductions give us such a massively complex system.
Sadly, most of the deductions that disproportionately benefit wealthy people aren't going anywhere (mortgage interest, IRA/401k/tax-free savings, FSA/HSA, etc.) since they appear to benefit everyone and foster the american dream of home ownership.
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#8How about CO2 taxes on fossil fuels then?
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#9I mean it's kind of the point of tax reform. You eliminate deductions that only wealthier people benefit from and lower the rate over all. You'll see a lot of deductions go away that are good on their own but in aggregate with all the other deductions give us such a massively complex system.
> You eliminate deductions that only wealthier people benefit
The Nissan Leaf and Chevy Volt aren't particularly upper class cars. Neither is the Model 3.
Re: House Republicans propose to scrap $7,500 electric vehicle credit
#10If we just eliminated subsidies in the oil & gas world, I can promise you the economy will move towards renewable extremely fast.
Make it a phase out of two - four years..., it would boost sales of EV's and our entire transportation network much more quick than EV tax credits would, AND, it would be a fair market for once!
It would spur innovation, create many jobs, we would lead the world once again in regards towards moving to a 100% renewable economy, etc... so many things. The fat, old pigs/politicians of the O&G industry need to be shown the door... It's 2017... we can do this now.
Not to mention the extra long term taxpayer savings on currently increasing medical costs...