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View Full Version : Dems Are Tossing A Lifeline To Tesla As Elon Musk Continues Melting Down



Banacek
09-27-2018, 02:23 PM
Democrats are working to rescue Tesla as the company struggles to cope with the possibility of losing a lucrative tax credit many analysts argue is the only thing keeping the electric vehicle industry afloat.

Democrats are pushing to extend the breaks, while Republicans paint the subsidy and attempts to solidify it as unnecessary. Electric vehicle companies are only allowed to offer a federal tax break on their first 200,000 vehicles sold under a 2009 law.

“It’s crazy that we might allow the electric vehicle tax credit to run out just as the American electric vehicle market is starting to gain a foothold,” Sen. Jeff Merkley told The Hill Thursday. The Oregon Democrat is leading a group of senators who introduced a bill on Sept. 17 lifting the cap.

Merkley’s bill is receiving support from many big-name Senate Democrats. Democratic Sens. Corey Booker of New Jersey and Kamala Harris of California, for instance, are tossing their weight behind the Electric Cars Act of 2018. Republicans are taking a different tack

http://www.dailycaller.com/2018/09/27/democrats-tesla-tax-credit/

SVPete
09-27-2018, 02:33 PM
Two words: Hell NO!!!

Tell the Tesla-sites it's put up or shut up time, on their own, not on the taxpayers' dime!

Dlr Pyro
09-27-2018, 02:40 PM
Tesla needs to look at all their operations and look for ways to streamline and become profitable on their own or close the doors. I'm tired of paying subsidies for a car I can't afford that is allowed to drive int he carpool lane when I can't.