In a world of complex politics, a lack of transparency, and mountains of special interests – a U.S. Republican senator has introduced a new bill to end the $7,500 federal tax credit for electric cars and instead tax them more.
Senator John Barrasso, a Republican from Wyoming, with Oil & Gas as the top industries to invest in his campaign ($400,750), and received the most from this Industry of all U.S. Federal Politicians, according to opensecrets.org.
Senator John Barrasso introduced the bill this week, with the full-text available on Congress’ website. It starts like this:
To amend the Internal Revenue Code of 1986 to terminate the credit for new qualified plug-in electric drive motor vehicles and to provide for a Federal Highway user fee on alternative fuel vehicles.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Fairness for Every Driver Act”.
SEC. 2. TERMINATION AND REPEAL OF CREDIT FOR NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES.
(a) Termination.—Section 30D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
“(h) Termination.—Notwithstanding any of the preceding provisions of this section, this section shall not apply to vehicles placed in service after the date that is 30 days after the date of the enactment of this subsection.”
This is the second year in a row that the GOP has tried to repeal the $7,500 federal tax credit for electric vehicles.
Hopefully this bill fails like it did last year, but it’s a completely different situation since the last attempt was used as a negotiation tactic in a much larger bill.
This is a standalone bill. Hopefully enough Republics will stand up and block it.
What can I do?
Spread the news of this bill via social media, and contact your representatives. The support of this bill will not help the planet stay below the 1.5C increase since pre-industrial times needed to prevent cataclysmic damage.