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, @03:59PM
Yeah, well, Trump had nothing to do with a bill to put millions of super predators into prisons for profit, now did he? You people just shit out that hatred for Trump almost as if it had meaning. Then you vote for real racists like Biden.
https://www.pastemagazine.com/politics/joe-biden/the-10-worst-things-joe-biden-has-done-in-his-poli/ [pastemagazine.com]