Kuster Backs ‘Tesla’ Tax Breaks for Rich, Flatulent Cow Fees in $ 3.5T Expense Bill
New Hampshire Representative Annie Kuster joined fellow Democrats on the House Energy and Commerce Committee to save tax breaks for wealthy Americans who buy high-end electric vehicles (EVs). This is just one of many controversial votes cast by the second district member of Parliament when the committee raised the $ 3.5 trillion budget reconciliation bill.
Some Democrats (but not all) call it the Build Back Better Act.
“The passage of the Build Back Better Act by the Energy and Trade Committee is a critical next step in delivering the key priorities of Granite State families as we look to the future of our country,” said Kuster in a statement.
Part of that future lies in taxpayer subsidies for electric vehicles and their owners. In addition to the $ 8 billion for electric vehicle charging stations across the country in the bipartisan $ 1.2 trillion infrastructure bill, the reconciliation bill includes tax incentives for people who buy electric vehicles.
The tax credit of up to $ 12,500 per vehicle for zero-emission models made in the United States compares to an incentive of $ 7,500 for most other electric cars. About 80 percent of current subsidies for electric vehicles go to people who earn at least six figures. Republicans on the committee proposed an amendment limit these grants to people earning $ 100,000 a year or less, or on an electric vehicle costing more than $ 40,000.
Kuster and the Democratic majority rejected the amendment. Their cap is set at revenues of $ 400,000 and would apply to vehicles costing up to $ 74,000. The program is estimated to cost taxpayers more than $ 300 million per year.
“Every Democrat has just voted NO on [this amendment]. The radical left-wing electric vehicle program is just financial aid and a transfer of wealth from all working Americans to the rich, ”Republicans from the House Energy and Commerce Committee tweeted.
Kuster did not respond to requests for comment.
Perhaps the most important vote of the energy committee was its approval of the Clean Electricity Performance Program, a $ 150 billion government initiative to encourage power producers to switch from fossil fuels to renewables.
“Specifically, this plan will expand access to affordable health care coverage for millions of Americans and advance key environmental priorities such as establishing a clean electricity performance program to protect our planet and encourage clean energy before it’s too late, ”Kuster said.
Utilities that fail to meet annual targets would be fined, an outcome many small producers, such as rural cooperatives and local utilities, fear they will fall the hardest on.
“All costs incurred by our members are passed on to their customers,” wrote Joy Ditto, president of the American Public Power Association, which represents nonprofit community-owned utilities. “Preliminary analyzes conducted by our members show that meeting CEPP, whether that is by meeting the increase in the percentage of clean electricity by four percent per year (assuming it can even be done) or paying for not not doing so would result in a substantial increase in costs for customers. “
And the National Association of Rural Electricity Cooperatives, which represents the New Hampshire Electrical Cooperative says the plan adopted by the Democrats is unrealistic.
“We believe there are serious questions as to whether the supply chain can support such rapid growth in solar and wind generation in the short time frame required in the CEPP compliance window,” wrote NRECA to the committee. If energy companies like NH Electric Co-op cannot access enough green energy, they will be forced to pay fines and pass the costs on to taxpayers.
In another notable vote, Kuster joined his fellow Democrats in abolishing a proposal to ban the use of funds in this legislation to purchase rare earth minerals in “any area controlled by the Taliban.”
And New Hampshire dairy farmers would face a gas tax as part of Democrats’ natural gas tax policy. Committee Democrats defeated an amendment to exempt farmers and as a result they would face an estimated tax of $ 6,500 per dairy cow, $ 2,600 per head of cattle and $ 500 per hog.
“The Build Back Better Act meets the demands of this moment, and I look forward to a full passage in the coming weeks,” Kuster said.