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Why should we have to buy some cheap, problem-ridden car just to pacify the climate-change lefties, and instituting a tax credit that will drive inflation higher?Then the middle class can buy a $27,000 EV and get a $7,000 credit
Electric Cars Base Price Eligible for Federal EV Tax Credit Minimum Range Maximum Range 2022 Nissan Leaf $27,400 Yes 149 226 2022 Mini Electric Hardtop $29,900
Democrats claim to be the party for the working guy and that Republicans favor the rich, but the new spending bill - which will exacerbate inflation - will give a $7,500 tax credit and an additional $4,000 for some wealthy people - who buy an expensive electric vehicle, including Teslas.
In the meantime, regular Americans continue to struggle under a 40-year record inflation as they figure out ways to pay for expensive gas and groceries.
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U.S. Senate Democratic deal would expand EV tax credits
A Senate Democratic deal includes a new $4,000 tax credit for used electric vehicles and other new tax credits and grants for automakers to retool factories to build greener cars.www.reuters.com
Why is that a lie? $300,000 is wealthy, when the average family income is $55,000. Only elitist Dems think earning 6x thr average is middle class.So you admit you lied
Personally I don't think the government should be giving tax credits for any consumer purchases.
Excellent point.They can't get it if they can't afford an electric car, or even any new car. How about a credit for those who buy a preowned vehicle or take the bus?
Why is that a lie? $300,000 is wealthy, when the average family income is $55,000. Only elitist Dems think earning 6x thr average is middle class.
Tax deductions and tax credits are different.POST OF THE DAY
Though I would add in the same thing for kids or college or home ownership or any thing else we give tax credits for
So people who can't afford 60K cars no matter what engine they have are now "forced" to buy inexpensive cars?Why should we have to buy some cheap, problem-ridden car just to pacify the climate-change lefties, and instituting a tax credit that will drive inflation higher?
Americans have climate change way down on their list of concerns - with inflation #1.. So what do the elitist, tone-deaf Democrats do? Drive inflation higher with a climate change spending bill.
November can’t come fast enough. Gd knows what the inflation rate will be by then.
And….to charge a high tax rate on SOME people while giving the money to others.Tax deductions and tax credits are different.
A deduction reduces total tax by offsetting your income.
A credit is applied in full to what you owe.
The problem with credits is that the government makes them refundable so even if you owe no tax you still get the money.
We should get rid of all of it and just lower the tax rate. It's not only inefficient but it is expensive to charge a high tax rate only to give a chunk of it back
You didn’t read what I was responding to. The leftist said I could buy a cheap $30,000 Nissan EV. I responded that I didn’t want a cheap, problem- ridden car, which is what a $30K EV would be.So people who can't afford 60K cars no matter what engine they have are now "forced" to buy inexpensive cars?
FYI people who can't afford expensive cars have always bought less expensive cars
DUH
You can call them what you want, but last I saw, the median income for a household was $66k….So, to a vast majority of Americans $300k per year would be quite well off…The income limit is a combined $300,000 so it is not really helping the rich.
With that said, this bill shows the stupidity of our tax code and of using taxes for social engineering.
You can get an EV for the same price or cheaper than a gas powered car.Regular middle class people can’t afford a $60,000 car.
Define "decent"And….to charge a high tax rate on SOME people while giving the money to others.
For example, I cannot afford a decent electric vehicle, and neither do I want one. (As a retiree, i average around 5,000 miles a year.) Why should I, on a retiree income, have to subsidize a family earning $300,000 toward their purchase of a Tesla?
Tax deductions and tax credits are different.
A deduction reduces total tax by offsetting your income.
A credit is applied in full to what you owe.
The problem with credits is that the government makes them refundable so even if you owe no tax you still get the money.
We should get rid of all of it and just lower the tax rate. It's not only inefficient but it is expensive to charge a high tax rate only to give a chunk of it back
Not true.You didn’t read what I was responding to. The leftist said I could buy a cheap $30,000 Nissan EV. I responded that I didn’t want a cheap, problem- ridden car, which is what a $30K EV would be.
Because it's the American way.And….to charge a high tax rate on SOME people while giving the money to others.
For example, I cannot afford a decent electric vehicle, and neither do I want one. (As a retiree, i average around 5,000 miles a year.) Why should I, on a retiree income, have to subsidize a family earning $300,000 toward their purchase of a Tesla?
Which is why I saidWe should not do either deductions not credits. Both are used for social engineering and that is not the purpose of our tax code.
I buy old problem-ridden cars and fix them, it is cheaper than a new car.You didn’t read what I was responding to. The leftist said I could buy a cheap $30,000 Nissan EV. I responded that I didn’t want a cheap, problem- ridden car, which is what a $30K EV would be.
Not if they are cheap EVs. There’s a reason they average around $60k. If you find a cheap one for $30k, you’ll pay for it in other ways.Not true.
There are extremally reliable cars at every price point.
