Naming Rahm Emmanuel as his Chief of Staff was one of Obama's bigger mistakes. President Biden has made much better choices for his staff and cabinet for the most part (not so fast, Merrick Garland).
That said, one reason SUV sales increased was a policy by the GWB administration that gave a $100,000 tax break for businesses that purchase…
Naming Rahm Emmanuel as his Chief of Staff was one of Obama's bigger mistakes. President Biden has made much better choices for his staff and cabinet for the most part (not so fast, Merrick Garland).
That said, one reason SUV sales increased was a policy by the GWB administration that gave a $100,000 tax break for businesses that purchased a vehicle of 6,000 lbs. curb weight or greater. I did relief for a DVM who was driving a Ford Expedition, which his small animal practice absolutely didn't need, but nonetheless purchased for the considerable tax break. (Same DVM also had Fox News going in his office. We didn't talk politics for obvious reasons.)
At the same time the relatively paltry tax deduction for buying hybrid vehicles --$2,000--was raised only to $3,400 in 2005, and then only for vehicles purchased after Dec. 31st, 2005. Currently the maximum tax credit available for purchasing an electric vehicle is $7,500. With the new emissions standards being put in place by the Biden administration, a lot more is going to have to be done in this area to drive electric vehicle sales.
Indeed. This was not solely an Obama era fuckup, and frankly, they (the administration) and the EPA at the time thought they were being too cute by half in their regulation changes.
There are no clean hands, and I would expect Trump to fuck it up even more if he should win in November.
What if the Biden Administration brought back the $100,000 tax credit for large vehicles, except this time they would be electric? It might drive sales for these vehicles, which is the whole point of where they want to go with electrification. Better incentives for people to buy personal electric vehicles would be great as well.
Naming Rahm Emmanuel as his Chief of Staff was one of Obama's bigger mistakes. President Biden has made much better choices for his staff and cabinet for the most part (not so fast, Merrick Garland).
That said, one reason SUV sales increased was a policy by the GWB administration that gave a $100,000 tax break for businesses that purchased a vehicle of 6,000 lbs. curb weight or greater. I did relief for a DVM who was driving a Ford Expedition, which his small animal practice absolutely didn't need, but nonetheless purchased for the considerable tax break. (Same DVM also had Fox News going in his office. We didn't talk politics for obvious reasons.)
At the same time the relatively paltry tax deduction for buying hybrid vehicles --$2,000--was raised only to $3,400 in 2005, and then only for vehicles purchased after Dec. 31st, 2005. Currently the maximum tax credit available for purchasing an electric vehicle is $7,500. With the new emissions standards being put in place by the Biden administration, a lot more is going to have to be done in this area to drive electric vehicle sales.
Indeed. This was not solely an Obama era fuckup, and frankly, they (the administration) and the EPA at the time thought they were being too cute by half in their regulation changes.
There are no clean hands, and I would expect Trump to fuck it up even more if he should win in November.
Yes, my accountant bought a truck for this reason. You know, alll those heavy flinancial floppy discs.
What if the Biden Administration brought back the $100,000 tax credit for large vehicles, except this time they would be electric? It might drive sales for these vehicles, which is the whole point of where they want to go with electrification. Better incentives for people to buy personal electric vehicles would be great as well.