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re: Do You Want To Know What Is In The Bend Over Act (Inflation Reduction)? Here You Go!

Posted on 8/3/22 at 5:04 pm to
Posted by ChineseBandit58
Pearland, TX
Member since Aug 2005
42602 posts
Posted on 8/3/22 at 5:04 pm to
quote:

$9 billion in tax credit to wealthy families to buy electric cars

how many poor families have enough tax liability to use for purchasing $60K autos?
Posted by highcotton2
Alabama
Member since Feb 2010
9406 posts
Posted on 8/3/22 at 5:59 pm to
quote:

It’s not a tax credit, it’s a credit on the purchase price


Pretty sure it is an extension of the $7500 tax credit for buying an electric vehicle. If someone buys an EV and they don’t owe any income tax then they cannot take advantage of the credit because it is non refundable unlike a earned income tax credit.
Posted by LRB1967
Tennessee
Member since Dec 2020
15613 posts
Posted on 8/3/22 at 6:04 pm to
This is going to make inflation worse. Our economy is spiraling down. Democrats need to pay for this in November.
Posted by tigerfan 64
in the LP
Member since Sep 2016
3806 posts
Posted on 8/3/22 at 6:41 pm to
quote:

80 billion for more IRS agents? That has scam written all over it.


Oh, its not a scam. That is to turbo boost progressive leftists efforts to harass / persecute the middle class.
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