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.
(Score: 0) by Anonymous Coward on Tuesday September 14 2021, @03:55PM (1 child)
That's the point. We're not supposed to count that one, which was directly on his watch AND one he denied was even happening, but we're supposed to give him all sorts of economic credit for riding down the continuous slope as if he had anything to do with that?
(Score: 1) by HammeredGlass on Tuesday September 14 2021, @04:47PM
The establishment aligned against him and tanked the world economy to do it and he's to blame.