Daily Poll: Fair or Unfair? You decide.
President Joe Biden endorses legislation introduced by U.S. Rep. Dan Kildee (D-MI) that would expand the existing consumer tax credit for electric vehicle and add incentives for vehicles made with union labor, Kildee said Tuesday.
The legislation would expand the existing tax credit to up to $7,500 for another five years, and add incentives for vehicles made with union labor. Most EVs would qualify for a $7,500 tax credit. But union-built EVs assembled in the U.S. would receive an additional $4,500 in credits.
Only $Ford Motor (F.US)$ , $General Motors (GM.US)$ and $Stellantis NV (STLA.US)$ , Chrysler’s parent company, would benefit from the extra incentive, as union workers assemble most of their EVs in U.S. plants.
The proposal effectively leaves other automakers, including $Tesla (TSLA.US)$ , the nation’s main EV manufacturer, at a $4,500 per vehicle disadvantage.
The proposal effectively leaves other automakers, including $Tesla (TSLA.US)$ , the nation’s main EV manufacturer, at a $4,500 per vehicle disadvantage.
Tesla CEO Elon Musk also criticized the measure, saying at a recent Beverly Hills, Calif., conference that the Biden administration is “controlled by unions.”
How do you feel about this? Is it fair that some of them are getting more benefits?
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Mikey_Vibez : For Tesla, this may mark the end of its long honeymoon with the government
cowabanga : And I thought N*ncy show-handed on $Tesla (TSLA.US)$?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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rabitter : unfair![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Biden seems to be targeting Tesla
stonks 30000 rabitter : gotta make the people he received bribes from happy
David Dillard : I don't understand the derogatory talk and feelings directed at our current POTUS. I mean every time I have voted for a president I have accepted the winner even if I don't like the winner. Let's all stand together and stop the hatred!! We need to get back to a strong market and make some money!!!!
lusy bubb : From the current form, I support new energy
70998209 : Tesla cars are too damn expensive— bring the cost down so the average American can afford it — unions represent the American worker
Justin Marley :
Mr Trecherous : Dan Kildee is a joke in Michigan. Total Loser!!
rabitter stonks 30000 : Is that so? It's disappointing
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