User avatar
evnow
Moderator
Posts: 11435
Joined: Thu Apr 22, 2010 11:41 am
Delivery Date: 25 Feb 2011
Leaf Number: 303
Location: Seattle, WA

Re: Republican tax proposal will terminate $7,500 EV tax credit

Thu Nov 09, 2017 2:32 pm

Back on topic. The senate version of the bill preserves tax credit for renewables & EV Tax Credit.

https://electrek.co/2017/11/09/electric ... s-senator/

“The South Dakota Republican said the measure also preserves existing clean energy tax incentives such as for electricity production from wind. It preserves a tax credit for electric cars as well.“
1st Leaf : 2/28/2011 to 5/6/2013
2nd Leaf : 5/4/2013 to 3/21/2017
Volt : 3/25/2017 to ?

User avatar
evnow
Moderator
Posts: 11435
Joined: Thu Apr 22, 2010 11:41 am
Delivery Date: 25 Feb 2011
Leaf Number: 303
Location: Seattle, WA

Re: Republican tax proposal will terminate $7,500 EV tax credit

Thu Nov 09, 2017 2:34 pm

LTLFTcomposite wrote:
evnow wrote:That's why you don't see enough money to address Flint poisonous water (or free college tuition) but a $70B increase in military spending.

The fact that the first two are not the purview of the federal government but the latter is wouldn't have anything to do that?

Not really.

Fed govt gives some money now for Flint, just not enough.

https://www.nytimes.com/2016/09/16/us/p ... e-aid.html

Senate Approves Funding for Flint Water Crisis


GI bill is a good example of free college education done by feds.
1st Leaf : 2/28/2011 to 5/6/2013
2nd Leaf : 5/4/2013 to 3/21/2017
Volt : 3/25/2017 to ?

DanCar
Posts: 968
Joined: Sat Apr 24, 2010 12:00 am
Delivery Date: 10 Mar 2013
Location: SF Bay area, 94043

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 5:18 am

https://www.reuters.com/article/us-usa- ... SKBN1DK1T0
Sounds like the situation is very desperate. If I were a betting man I would say it is definitely not going to happen this year.

LeftieBiker
Posts: 7908
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 12:49 pm

Here is what will happen: a handful of Republicans will say that they can't support the Senate bill as written. The bill will be changed just enough for them to vote Yes, and the bill will pass. Then the House and Senate bills will go to the Conference Committee for reconciliation, where a final bill will be negotiated that both houses can support. Now, show of virtual hands: how many people here think that the committee will decide to keep the EV tax credit? Keep in mind that this committee will be Republican-controlled, and that there is no real reason the credit couldn't be dropped in the final Senate version, leaving two bills to be reconciled, with the credit being eliminated in both versions...

The only way the credit will continue, IMO, is if the Senate can't pass a budget bill. This seems much less likely, because they can change the bill as needed to get the necessary votes.
2013 "Brilliant Silver" SV with Premium and no QC, a 2009 Vectrix VX-1 W/18 Leaf modules, and 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

DanCar
Posts: 968
Joined: Sat Apr 24, 2010 12:00 am
Delivery Date: 10 Mar 2013
Location: SF Bay area, 94043

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 2:21 pm

The bill is already very difficult to get through the Senate. Several republican senators have already said they will not vote for it if it repeals the EV tax credit. It only takes one to say no, because otherwise they don't have enough votes. The repeal of the EV tax credit looks very dead to me, regardless of what the house or trump administration would like. Doesn't matter what is agreed or not agreed in committee, there just isn't the votes to repeal it, in the Senate.

The conference committee for reconciliation knows this and they will structure the new bill very closely to what the Senate wants. Any deviation from this means nothing gets passed, which is what has happened to every other piece of major legislation this year.

LeftieBiker
Posts: 7908
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 4:13 pm

It only takes one to say no, because otherwise they don't have enough votes.


That isn't true. They can have either one or two No's and still pass it. They can also, and I can't emphasize this enough because you don't seem to understand this part, change the bill to get more votes. It isn't a stone tablet that must be voted on as-is. It should also be noted that the Senate version does not repeal the EV tax credit, so that point is moot. The Senate bill will likely pass (after modification) for these reasons, and the Conference Committee will then have to decide if the credit stays or goes. With almost all of the Republicans in the House and most of the Republicans in the Senate supporting ending it, I just don't see an outcome that keeps the credit. Only a complete failure to pass a budget is likely to maybe save the credit, and even then it can still be killed retroactive to 1/1/2018 when a budget does eventually pass.
2013 "Brilliant Silver" SV with Premium and no QC, a 2009 Vectrix VX-1 W/18 Leaf modules, and 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

DanCar
Posts: 968
Joined: Sat Apr 24, 2010 12:00 am
Delivery Date: 10 Mar 2013
Location: SF Bay area, 94043

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 5:46 pm

LeftieBiker wrote:
It only takes one to say no, because otherwise they don't have enough votes.
That isn't true. They can have either one or two No's and still pass it.
They already have more Repulican No's then you suspect. Several senators have said they are not sure they can vote for the bill. Jeff Flake for example.
https://www.reuters.com/article/us-usa- ... SKBN1DK04K
Last edited by DanCar on Tue Nov 21, 2017 6:17 pm, edited 1 time in total.

LeftieBiker
Posts: 7908
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 5:51 pm

"Not sure" means "offer me something better." It isn't the same as a No vote.
2013 "Brilliant Silver" SV with Premium and no QC, a 2009 Vectrix VX-1 W/18 Leaf modules, and 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

DanCar
Posts: 968
Joined: Sat Apr 24, 2010 12:00 am
Delivery Date: 10 Mar 2013
Location: SF Bay area, 94043

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 6:18 pm

LeftieBiker wrote:"Not sure" means "offer me something better." It isn't the same as a No vote.
And on the flip side, nothing matters until the votes are counted. Any yes can turn into a no.

User avatar
Nubo
Posts: 4606
Joined: Fri May 28, 2010 11:01 am
Delivery Date: 31 Oct 2014
Location: Vallejo, CA

Re: Republican tax proposal will terminate $7,500 EV tax credit

Tue Nov 21, 2017 6:48 pm

LeftieBiker wrote:...They can also, and I can't emphasize this enough because you don't seem to understand this part, change the bill to get more votes. It isn't a stone tablet that must be voted on as-is.


Gee, I hope most of us know how bills make their way through Congress!



But I think the changes maybe aren't as simple as you make it seem. The GOP is at war with itself. We saw with Health Care -- some say no because the bill goes to far for them; others say no because the bill doesn't go far enough. That doesn't leave a lot of room for a compromise. The third leg of the stool is sweetening the pot all-around, but with that approach you anger the deficit hawks. We could end up with no substantive reform.
I noticed you're still working with polymers.

Return to “Business / Economy and Politics”