DanCar
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GOP compromise does not repeal tax credit

Wed Dec 13, 2017 12:45 pm

Bloomberg reports that Republican source says that compromise tax bill keeps electric vehicle tax credits, as expected. The Senate version of the bill did not repeal tax credits while the earlier House bill did. Compromise must stick to what Senate wants because bill is more difficult to pass there, that is why it was expected.
https://www.bloomberg.com//news/article ... s-jb5dh81s
Last edited by DanCar on Wed Dec 13, 2017 12:49 pm, edited 1 time in total.

LeftieBiker
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Re: GOP compromise does not repeal tax credit

Wed Dec 13, 2017 12:49 pm

Great news, if true! I was about to lease a Bolt.
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DanCar
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Re: GOP compromise does not repeal tax credit

Wed Dec 13, 2017 12:52 pm

I expect the House to try again in 2018 for effect in 2019. I wonder if the Senate will agree to such a compromise.

LeftieBiker
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Re: GOP compromise does not repeal tax credit

Wed Dec 13, 2017 12:54 pm

It appears to me that the Senate opposition to ending these credit is primarily about the solar and wind energy credits, which involve serious money. I'd expect to see a compromise in which those are retained, while the EV credit gets the axe, as a symbolic more than a financial act.
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DanCar
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Re: GOP compromise does not repeal tax credit

Thu Dec 14, 2017 7:14 am

Pence can't leave home because he maybe needed for Senate tie breaking vote.
http://thehill.com/news/administration/ ... p-tax-bill

DanCar
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Re: GOP compromise does not repeal tax credit

Tue Dec 19, 2017 11:26 pm

https://www.reuters.com/article/us-usa- ... SKBN1ED16V
The Republican-led U.S. Senate approved sweeping tax legislation in the pre-dawn hours of Wednesday, sending the tax cut package back to the House of Representatives for a final vote later in the day.

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LTLFTcomposite
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Re: GOP compromise does not repeal tax credit

Wed Dec 20, 2017 5:30 pm

More important than the EV tax credit is the corporate tax roll back that will further stimulate the economy so the consumer confidence is there for people to buy fancy cars like Teslas.
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DanCar
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Re: GOP compromise does not repeal tax credit

Wed Dec 20, 2017 9:37 pm

LTLFTcomposite wrote:More important than the EV tax credit is the corporate tax roll back that will further stimulate the economy so the consumer confidence is there for people to buy fancy cars like Teslas.
The other knob to control the economy is interest rates. They are slowly raising those, which probably hurts the lower and middle class, while helping the rich.

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Re: GOP compromise does not repeal tax credit

Thu Dec 21, 2017 7:36 am

Good news for EVs.
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WetEV
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Re: GOP compromise does not repeal tax credit

Thu Dec 21, 2017 9:00 am

If I was still working, this would be a major tax cut. Look like I could qualify for the "pass through" as an engineer, and a couple of other items. Call it $15k per year.

As I'm retired, looks like basically no change in taxes. Other ways, of course, might be a major change.

Not a disaster, as long as Trump waits until next year to sign, of course, otherwise Medicare cuts due to PAYGO rules. And some fix for affordable health care gets implemented. And Social Security cuts that Paul Ryan wants to make don't get done. And no nuclear war with North Korea.
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