Sens. Debbie Stabenow, D-MI, and Lamar Alexander, R-TN, are pushing to expand the federal subsidies for electric vehicles (rich men’s toys).
Seventy-eight percent of the taxpayers who received the EV tax credit in 2016 had at least a six-figure income. Tesla’s customers have an average annual income of $293,000. Less than one percent of EV credits went to households earning less than $50,000.
The cruel joke on taxpayers is these “electric” cars are really fueled mostly by fossil fuels. Sixth-four percent of our electricity comes from burning fossil fuels and another 19 percent comes from nuclear power. (another 6.6 percent comes from wind and 1.6 percent from solar).
The $7,700 EV tax credit was supposed to start phasing once a manufacturer had sold 200,000 EVs. GM and Tesla have already reached the 200,000 threshold. Stabenow and Alexander, and others who have been bought by the EV industry, want to remove the cap on subsidies. Even without removing the caps subsidies would still cost taxpayers $7.5 billion from 2018-2022.
What is even worse is that the self-serving DC scum don’t even have the guts to increase taxes to pay for this handout to the rich. They will fund it with more debt piled on future generations.
Write your Missouri senators and representatives and let them know that you don’t want more debt piled on your children so that the feds can hand out free stuff to the rich.