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Democrats passed $7,500 Electric Vehicle Tax Credit, then prices were immediately raised

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A recent scenario at the Ford Motor Company is the perfect way to explain what Democrats are doing to this country when they pass bills for our “benefit.” On August 9, Senate Democrats passed a bill they praised, which included a $7,500 federal electric vehicle tax credit.

Shortly after, Ford raised the price of its electric car. By how much? $7,000. What a coincidence. “The base model of the 2023 F-150 Lightning pickup will now cost $47,000, up from it’s original price of $40,000, according to CNN.”

Daily Caller News Foundation reports ”More expensive models, such as the XLT High/Extended Range and the Lariat Extended Range have increased in price by $8,500, while other F-150 Lightning designs vary between $6,000 to $7,000 in price increases, according to the Detroit Free Press.”

The price change was attributed to “significant material cost increases and other factors,” CNN noted. Despite the changes, the increase will not impact those currently waiting for delivery of their vehicles, but impacts those who have reserved but not yet ordered the truck, CNBC reported.

But don’t just blame Ford for being forced to dance with the Democrats. General Motors also just announced it will increase the price of its electric model of the GMC Hummer. The cost will go up by $6,250, CNN reported.

The Daily Caller adds:

With eligibility and tax credit rules preparing to change under new legislation, including the passage of the Inflation Reduction Act, certain modules of the vehicle may qualify for the credit this year, according to Consumer Reports. It is unclear if the truck will be eligible in the future, according to CNN.

The electric trucks only have a range of 230 to 320 miles depending on the model, a moderate increase of 10 miles to the company’s standard battery, CNBC continued.

 

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Economy

House inquiry opened as to whether IRS is using artificial intelligence to invade Americans’ financial privacy

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An inquiry has been opened by the House Judiciary Committee as to whether the IRS is using artificial intelligence to invade Americans’ financial privacy. The inquiry comes after an agency employee was captured in an undercover tape suggesting there was a widespread surveillance operation underway that might not be constitutional, reports Just the News.

The inquiry was opened by Committee Chairman Jim Jordan, R-Ohio, and Rep. Harriet Hageman, R-Wyo., who sent a letter to Treasury Secretary Janet Yellen demanding documents, and answers as to how the agency is currently employing artificial intelligence to comb through bank records to look for possible tax cheats.

The House Judiciary Committee has been investigating why the FBI was obtaining Americans’ bank records, including those who partook in the January 6 Capitol riots, without using search warrants or subpoenas.

Jordan’s and Hageman’s letter said lawmakers have evidence and reason to believe that the IRS and Department of Justice (DOJ) are actively monitoring millions of Americans’ private transactions, bank accounts, and related financial information—without any legal process—using the AI-powered system.

“This kind of pervasive financial surveillance, carried out in coordination with federal law enforcement, into Americans’ private financial records raises serious doubts about the IRS’s—and the federal government’s—respect for Americans’ fundamental civil liberties,” the letter said.

“So one of the things that I have learned since I’ve been in Congress is that there are quite a few people in government who do not recognize our constitutional protections,” Hageman told Just the News. “They’ve kind of forgotten or at least ignored our Bill of Rights.”

Just the News also reported that the Treasury Department has since acknowledged it has “implemented an enhanced process using AI to mitigate check fraud in near real-time by strengthening and expediting processes to recover potentially fraudulent payments from financial institutions’ since late 2022.”

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