House Bill to repeal PlugIn EV credit: Let them Hear it!

yep been there. in fact logged in with my email and a "few" other family emails to enter our vote

 

I actually wouldn't mind repealing the EV tax credit IF at the same time they repealed all the oil subsidies so market forces could freely determine the value of EV's.

If gas were $5-8 a gallon like the rest of the world, EVs would be much more in demand.

 

I'd love to see how many republicans vote to raise taxes and increase oil imports. My guess is it will never come to the floor of the house.

 

I can't really support this credit to be honest. I don't know what "too much" government support of something is exactly, but $7500 on a vehicle is too much to me. I really don't want this thread to get into a Prius vs EV discussion, but for example if this credit was split in half and allowed on something like a Prius you'd see sales of them stress Toyota's ability to produce to the max and that would result in less fuel and better impact on the environment than one EV that isn't doing a ton of miles each year anyway.

I also think that EV cars, though obviously helped by this, need their greatest development in batteries. Batteries pervade many parts of the economy now and money will continue to get thrown at them irrespective of whether EV cars are motivating that in part.

I'm not marking lack of support on that website, though

 

I totally agree with you philosophically, but since Pres. Bush and Congress put these credits into law some years ago, and the auto makers are developing EV's based in part on these tax credits, there is little option at the moment but to stay the course.

 

Well since that's as unlikely of happening as corporations giving up their right to fund elections and spend billions on lobby projects - it'd be fair to defend the ones that actually make sense.

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That would kill the electric car market. Your suggestion would only work if the oil companies gave back all the subsidies with interest. Then wee could use that money to fund EVs since then the interest alone would be more than enough so it would not be a government dole

 

While I think it is really ridiculous to give a $7,500 tax credit to someone who can afford a car like my Roadster or the Tesla model S, I agree with Tony that it's more ridiculous to allow tax write-offs on luxury cars and gas-guzzling behemoths, and downright criminal to stuff taxpayer dollars hand over fist into the oil companies' pockets through all the various subsidies.

Tax law is an easy way for legislators to accomplish economic ends and give paybacks to industry supporters, but it makes no fiscal sense at all, since it's a scattershot approach and impossible to audit.

I advocate a strongly graduated (progressive) tax schedule, but with no deductions, exemptions, write-offs, loopholes, etc. List your total income on line 1, look up your tax on a table that says if you made X your tax is Y, enter that on line 2 and enclose payment.

THEN, if Congress wants to support an industry, give money above the table, where the amount given is clear and the effects of the give-away can be assessed and voters can decide if they like the policy enough to return their legislator to office.

Then a road tax based on weight and yearly miles driven, and a gas tax based on the economic ramifications of importing oil and the ecological ramifications of burning it. And instead of giving the oil companies a tax write-off for depleting a finite resource, charge them a hefty tax for depleting a critical resource! The oil depletion allowance is a filthy, vile, disgusting, corrupt give-away to oil companies which basically says that if you squander a critical resource, you get a tax write-off.