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Inflation Reduction Act (view source)
Revision as of 23:15, August 17, 2022
, 23:15, August 17, 2022→Analysis
Sen. [[Joe Manchin]] (D-WV) caved into providing the vote to enact an anti-coal, anti-oil energy bill when [[Dem]]s fraudulently called it the Inflation Reduction Act. After the bill passed by 51-50 in the Senate, suddenly liberals began referring to it as the climate change bill.
Sen. [[Joe Manchin]] (D-WV) caved into providing the vote to enact an anti-coal, anti-oil energy bill when [[Dem]]s fraudulently called it the Inflation Reduction Act. After the bill passed by 51-50 in the Senate, suddenly liberals began referring to it as the climate change bill.
This boondoggle is a massive handout to California, the electric car company Tesla, and other suppliers of inefficient green energy. Electric cars are California’s largest manufactured export, and this federal bill removes existing limits on a $7,500 tax credit for purchasing an electric car.
This boondoggle is a massive handout to California, the electric car company Tesla, and other suppliers of inefficient green energy. Electric cars are California’s largest manufactured export, and this federal bill removes existing limits on a $7,500 tax credit for purchasing an electric car. Immediately after Biden signed the bill, [[General Motors]] raised the cost of its electric vehicles by $7,500, and the [[Ford Motor Company]] raised the costs of their electric vehicles by $8,500.<ref>https://www.dailywire.com/news/bidens-inflation-bill-made-7500-electric-vehicle-tax-credits-ford-and-gm-just-raised-their-prices-by-the-same-amount</ref>
This bill also creates a $4,500 tax credit for buying a used electric car, which harms the Detroit-based producers of the more efficient gasoline-power autos. People now have a taxpayer-subsidized reason to buy a used electric car, rather than a new traditional car from Ford.
This bill also creates a $4,500 tax credit for buying a used electric car, which harms the Detroit-based producers of the more efficient gasoline-power autos. People now have a taxpayer-subsidized reason to buy a used electric car, rather than a new traditional car from Ford.