U.S. to end subsidies for electric cars, renewables, says White House

[Swordsmyth]

White House economic adviser Larry Kudlow said on Monday the United States will end subsidies for electric cars and other items including renewable energy sources.

Asked about actions planned after General Motors announced U.S. plant closings and layoffs last week, Kudlow said he expected subsidies for buying electric cars will end in 2020 or 2021. Kudlow said the Trump administration will end other subsidies, including on "renewables."

EV subsidies have been a subject of debate recently among lawmakers. U.S. President Donald Trump threatened to end GM subsidies after the company announced plans to shut down production at some U.S. factories. In October, Republican Senator and chairman of the Senate Environment and Public Works Committee John Barrasso introduced a bill to kill off the federal incentives altogether.

More at: https://www.yahoo.com/news/u-end-sub...194800821.html

[enhanced_deficit]

This only applies to taxpyaers subsidies for American cars though. MAGA regime is about to send $30 Billion to our closest ally Israel that was targetting to end all non-electric cars within a decade using US taxpayers subsidies.

[Danke]

I'm afraid all trumps work on deregulation will be undone in the next administration.

[bunklocoempire]

I'm afraid all trumps work on deregulation will be undone in the next administration.

Ufff da, lol Aren't you a little old to be afraid?

In other words, Trump's deregulation is b.s., and individual rights CONTINUE to go unmentioned.


Because who the $#@! really wants the PUSA to talk about individual rights? Not the RPF's apparently.

But hey, we like to pretend.


Watch ss's "wall" turn into a government bio-metric ID nightmare from hell.

Guaranteed.

[Danke]

Ufff da, lol Aren't you a little old to be afraid?

In other words, Trump's deregulation is b.s., and individual rights CONTINUE to go unmentioned.


Because who the $#@! really wants the PUSA to talk about individual rights? Not the RPF's apparently.

But hey, we like to pretend.


Watch ss's "wall" turn into a government bio-metric ID nightmare from hell.

Guaranteed.

I guess you are a little too young to know "I'm afraid" is an expression, doesn't mean scared.

[bunklocoempire]

I guess you are a little too young to know "I'm afraid" is an expression, doesn't mean scared.

Okay Poppy, whatever you say.

[bunklocoempire]

How's Trump's Somalis subsidies treating you? Or did he end that program... no?

I sure hope you are making bank off of Somalis and Hmong.


Out this way we make bank off of Micronesian. (not really, others do).. We've got to much goddamned MN/WI pride.

[Danke]

How's Trump's Somalis subsidies treating you?

What specifically are "Trump's Somalis subsidies?"

[CaptUSA]

Can we also stop subsidizing their competition??? Or is this just a one-sided end of subsidies based on the correct political connections?

[bunklocoempire]

Has Trump spoken of your property rights lately/ever?

No, I don't believe so. Neither have the HI politicians. Go figure.

If a hack isn't talking about your property rights danke... guess what?

They don't give a $#@! about your property rights. I'm happy to be proven wrong. Let me have it.

[oyarde]

What specifically are "Trump's Somalis subsidies?"

I dunno but there must be some way you can cash in on the somalis.

[angelatc]

White House economic adviser Larry Kudlow said on Monday the United States will end subsidies for electric cars and other items including renewable energy sources.

Asked about actions planned after General Motors announced U.S. plant closings and layoffs last week, Kudlow said he expected subsidies for buying electric cars will end in 2020 or 2021. Kudlow said the Trump administration will end other subsidies, including on "renewables."

EV subsidies have been a subject of debate recently among lawmakers. U.S. President Donald Trump threatened to end GM subsidies after the company announced plans to shut down production at some U.S. factories. In October, Republican Senator and chairman of the Senate Environment and Public Works Committee John Barrasso introduced a bill to kill off the federal incentives altogether.

More at: https://www.yahoo.com/news/u-end-sub...194800821.html

Good. They should not have existed in the first place.

[oyarde]

Good. They should not have existed in the first place.

That is how I see it .

[presence]

meanwhile... state subsidy to Big Petro rolls on; not two $#@!s given

http://priceofoil.org/content/upload...al_Oct2017.pdf

[Itsback]

If electric cars really help the environment, they do not need subsidies to sell. People will pay more money for Earth friendly cars.

Quality and price sells. Subsidies for electric cars looks like "Obama Scam"

[Suzanimal]

Can we also stop subsidizing their competition??? Or is this just a one-sided end of subsidies based on the correct political connections?

No. Yes.

[angelatc]

meanwhile... state subsidy to Big Petro rolls on; not two $#@!s given

http://priceofoil.org/content/upload...al_Oct2017.pdf

I don't think that's true. Most of the subsidies in there are related to the tax code, and we think no corporation should be taxed. So it's not fair to say we don't care.

[CaptUSA]

If electric cars really help the environment, they do not need subsidies to sell. People will pay more money for Earth friendly cars.

Quality and price sells. Subsidies for electric cars looks like "Obama Scam"

What do oil subsidies look like, then??? Let's not look at those subsidies in a vacuum. End them all!

[CaptUSA]

I don't think that's true. Most of the subsidies in there are related to the tax code, and we think no corporation should be taxed. So it's not fair to say we don't care.

Except that if you provide those tax breaks only to politically-connected industries and companies, then yes, it's a subsidy. We all like to lower corporate taxation, but it shouldn't be done in a cronyist way. The effect of those tax breaks is to create additional barriers to entry for any competitor.

Oh, and we're not bombing the hell out of the Middle East to maintain access to the sun and wind. Our militarism somehow never seems to be counted in the subsidy calculation.

[Swordsmyth]

Can we also stop subsidizing their competition??? Or is this just a one-sided end of subsidies based on the correct political connections?

meanwhile... state subsidy to Big Petro rolls on; not two $#@!s given

http://priceofoil.org/content/upload...al_Oct2017.pdf

I am in favor of ending any and all subsidies but if the subsidies are tax breaks then the base rate needs to be cut at the same time.

[presence]

I don't think that's true. Most of the subsidies in there are related to the tax code, and we think no corporation should be taxed. So it's not fair to say we don't care.

if fedgov is giving one energy sector a tax break while making another energy sector pay taxes... that is in effect subsidizing the non taxed entity; if you really dislike tax break being called subisidy... which I can understand... at very least fedgov is racketeering on behalf.


taxes aside...


how much petro is burned by state entities? war machine?
how much petro is given away for home heating?
embargo on iranian oil? huge effective subsidy. or does that not count because its just a relative tax break?
epa regulated externalities... subsidized legal expenses.
half a billion in education grants for oil field workers? subsidy.

the absurd anti new entrant permitting process that prevents me from drilling for the oil I "own right to" and know to be under my feet.

it goes on and on fedgov is full of cash incentives to groups that fund campaigns and oil spends $100B annually just lobbying

[CaptUSA]

if fedgov is giving one energy sector a tax break while making another energy sector pay taxes... that is in effect subsidizing the non taxed entity; if you really dislike tax break being called subisidy... which I can understand... at very least fedgov is racketeering on behalf.


taxes aside...


how much petro is burned by state entities? war machine?
how much petro is given away for home heating?
embargo on iranian oil? huge effective subsidy. or does that not count because its just a relative tax break?
epa regulated externalities... subsidized legal expenses.
half a billion in education grants for oil field workers? subsidy.


it goes on and on fedgov is full of cash incentives to groups that fund campaigns and oil spends $100B annually just lobbying

You forgot the military spending to maintain the petro supplies. Include those subsidies, we're talking trillions.

[presence]

You forgot the military spending to maintain the petro supplies. Include those subsidies, we're talking trillions.

No doubt this is truly the single biggest subsidy. "US corporate" foreign based oil and shipping security financed by the public sector.

[CaptUSA]

No doubt this is truly the single biggest subsidy. "US corporate" foreign based oil and shipping security financed by the public sector.

No. Doubt.