We frequently note instances of federal waste, but this is one of the worst.
Did you know that your taxpayer dollars go towards helping auto makers get rich and wealthy Americans purchase fancy new cars?
It's true. The feds subsidize purchases of electric vehicles, but the vast majority of these cars are purchased by families who make over $100,000 per year.
The Washington Times reports:
This type of cronyism is bad enough on principle alone. But it gets worse in the case of electric vehicle (EV) tax credits.
For one thing, the cost is borne disproportionately by lower- and fixed-income families who can’t afford electric vehicles. Who’s taking advantage of the subsidies? Primarily America’s wealthiest households. They don’t need a tax break to afford an EV, but hey, if it’s there, they’ll take it.
So, in an ironic twist, we have the government taking money from a wide swath of Americans, including those on the low end of the income scale, to put those who are more well off into “green” vehicles.
The Pacific Research Institute found that in 2014, 79 percent of electric vehicle tax credits went to households making over $100,000, while 99 percent of them went to households making at least $50,000.
Auto manufacturers, like any other company, should base their decisions about what to make solely on what customers want — not on what government wants them to want.
If people want EVs, fine. But it should be their free choice, not something they purchase because they get some “free” money.
It's time to force Congress to stop wasting our money and get the nation's finances back on track. With the country $21 trillion in debt, our kids and grand kids can't afford these kinds of useless expenses.
Fortunately, the Founders predicted this might happen, and they gave us a solution in Article V of the Constitution.
Article V allows the people, acting through their state legislatures, to call a Convention of States for the purpose of proposing amendments to the U.S. Constitution.
These amendments can force Congress to make the tough financial decisions for the good of the country. They can mandate a balanced budget, cap spending, and limit taxation.
If the feds can't raise taxes and have to worry about balancing the budget, wasteful and unnecessary spending like this will be the first thing to go.
Sign the Convention of States Petition below to show your support!
