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posted by janrinok on Monday September 13 2021, @11:43PM   Printer-friendly

Toyota, Honda oppose U.S. House electric vehicle tax plan:

Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) on Saturday sharply criticized a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive.

Toyota said in a statement that the plan unveiled late Friday discriminates "against American autoworkers based on their choice not to unionize."

The bill, set to be voted on Tuesday by the Democratic-led House Ways and Means Committee as part of a proposed $3.5 trillion spending bill, would benefit Detroit's Big Three automakers, which have union-represented auto plants. read more

The proposal, estimated to cost $33 billion to $34 billion over 10 years, would boost to up to $12,500 the maximum tax credit for electric vehicles, up from the current $7,500. The $12,500 figure includes a $500 credit for using U.S.-produced batteries.


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  • (Score: 4, Insightful) by fustakrakich on Tuesday September 14 2021, @12:01AM (2 children)

    by fustakrakich (6150) on Tuesday September 14 2021, @12:01AM (#1177549) Journal

    You might get 1 trillion, depends what Joe says...

    This bill will have to be tacked on to a defense appropriations bill during one of those midnight sessions

    Why can't we just remove the tax incentives given for overseas labor?

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    La politica e i criminali sono la stessa cosa..
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  • (Score: 3, Interesting) by Anonymous Coward on Tuesday September 14 2021, @12:25AM

    by Anonymous Coward on Tuesday September 14 2021, @12:25AM (#1177551)

    Oh goodness no, because then you'd have to remove the tax penalty for repatriating profits, and that would ... result in ... something-something-something corporate vampire squid death cult ... uh, something dreadful.

    The law of unintended consequences is the one law that the US congress rabidly applies (mostly to itself, really).

  • (Score: 0) by Anonymous Coward on Tuesday September 14 2021, @08:04PM

    by Anonymous Coward on Tuesday September 14 2021, @08:04PM (#1177829)

    Because that would start a tariff war most likely...