A group of Senate Republicans led by Sen. Shelley Moore Capito (R-WV) introduced the Eliminating Lavish Incentives to Electric Vehicles Act on Thursday.
The bill aims to repeal the $7500 tax credit for new electric vehicles eliminate the tax credit for purchasing used EVs do away with the federal investment tax credit for electric vehicle charging stations and close the “leasing loophole.”
So Senator Manchin is feeling the bite of his own stupid vote. The American people do not want too be mandated to buy EV's or anything else. These Democrats just do not care.
Sen. Manchin Slams Final EV Tax Credit Rules: Endorsing ‘Made in China’ https://t.co/S4rkIBGJIh
— Bill Raschen (@braschen1) May 5, 2024
Capito criticized the current tax credits stating “There is no reason that U.S. taxpayers should be bankrolling luxury electric vehicle purchases for wealthy individuals or foreign entities. This common-sense legislation dismantles loopholes that are artificially supporting the electric vehicle industry and sidestepping tax credit guidelines at the expense of American citizens.”
The introduction of the bill comes as the Department of the Treasury announced a suite of rules on Friday that make more electric vehicles eligible for credits of up to $7500 under the Inflation Reduction Act. The credits range from $3750 to $7500 for new EVs with an additional $4000 credit available for used EVs.
The reason Joe Manchin is not running again in West Virginia is because he voted for Biden's "Inflation Reduction Act" & confirmed the affirmative action fraud Ketanji Brown Jackson to the Supreme Court.
He committed political suicide.
— Emerald Robinson ✝️ (@EmeraldRobinson) November 10, 2023
Sen. Joe Manchin (D-WV) has also expressed his disapproval of the Treasury’s final rules on electric vehicle tax credits and plans to introduce a Congressional Review Act resolution to challenge them.
President Trump knocks “Inflation Reduction Act”, Joe Manchin during Waukesha, WI speech pic.twitter.com/IAzZxheWjc
— RSBN 🇺🇸 (@RSBNetwork) May 1, 2024
