Apparently, Government Motors needs just a little more help…Yet another astounding attempt at social engineering … or just another lifeline for GM?
The Obama administration and their friends on Capitol Hill are floating around a proposal to change the $7500 tax credit for green vehicles. This change can be found not only in President Barack Obama’s budget but also a bill proposed by Senator Debbie Stabenow, Michigan Democrat.
Edmunds.com, a 45 year old trade magazine company that provides automotive information, posted a Department of Energy document listing the department’s funding highlights. The proposed Obama Budget, changes the existing $7,500 electric vehicle tax credit “into a rebate that will be available to all consumers immediately at the point of sale.”
According to Senator Stabenow’s website, her proposed legislation, known as the “Charging America Forward Act” (S.298), “will provide consumers with a rebate worth up to $7500 for plug-in electric vehicles at the time of purchase.”
In other words, we’ll bribe people to buy these “Electric Edsels” by making them cost as much as a normal automobile without the reliability issues of the Volt.
One wonders if Ms. Stabenow will be doing this charging with a Visa or a Mastercard?