Senate Approves $7,500 Tax Credit for Chevy Volt Buyers



Ridelust covers the greener side of lobbying:

Yesterday, the United States Senate passed a new bill that will provide tax credits for plug-in electric vehicles, allowing GM to successfully achieve their goal of obtaining a $7,500 tax credit for Chevy Volt buyers.

According to the new piece of legislation, tax credits for plug-in buyers will start at $2,500 and extend all the up to $7,500 for light-duty vehicle – with Volt buyers being eligible for the maximum allowance.

Here’s Uncle Sam’s plan for his lambs during the next couple of years:

1) Take your money to finance bailout package.

2) Give money back if you buy a plug-in Chevy.

Despite the fact that the legislation is slated to benefit GM most, it has its heart in the right place. We need to go green, well, yesterday.

Here’s to many more green tax credits like these to get the country’s economy back on stable footing.

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Comments

  1. B Smith @ Wealth and Wisdom's Gravatar Comment by B Smith @ Wealth and Wisdom on September 25th, 2008 at 10:07 am

    Drea-I usually like your posts. The premise and basic info on this one is no different. My issue is that you injected politics. Come on, this is a business blog not an Obama campaign. Likewise I would not expect to see McCain link. Please keep to the topic and leave the political links/resources out.

  2. Drea's Gravatar Comment by Drea on September 25th, 2008 at 1:50 pm

    Thanks for the feedback–I’m glad to hear you generally like my posts. I understand about the politics thing–when I’m reading about something, I get irked if there’s some kind of ad or endorsement in it. Duly noted.

    The issue I’m facing right now is that it would be ignorant to _not_ have politics in the blog in some shape or form, considering that the ex-chief of Goldman Sachs is the head of the treasury is linked to Warren Buffett is linked to the Republican party and its interests, etc.

    My function on this blog is not to be a reporter. In the context of this website, I don’t pretend to be neutral, nor do I have reason to. So the question comes down to one of readership. Is it my duty to avoid alienating readers not affiliated with my platform to keep them focused on unified issues (ack, we’re taxpayers, we’re screwed) rather than who I think can solve them? People are OK with a post linking to a company I like, but not with a post linking to a candidate I like.

    I was thinking of posting something like what Rob posted a while ago, on my personal politics. Clear up the confusion, alienate the people ready to be alienated, etc.: http://www.businesspundit.com/my-politics-part-2-specific-views/

    Then, when I put in my sneaky Obama links, people aren’t caught off guard.

    What do you think?

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