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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

Biden spends $1.65 trillion taxpayer dollars while vacationing in St. Croix

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Joe Biden

While vacationing in the island of St. Croix for the holidays, President Joe Biden on Thursday signed into law the massive $1.65 omnibus spending package.

The whopping 4,155 pages was supported by only nine House Republicans and 13 Senate Republicans. Majority of criticism from the GOP includes concerns that the bill was rushed and crammed with wasteful spending by a lame-duck Democratic-dominated Congress. The recourse will punish American families by adding to the national debt and exacerbate inflation.

“Today, I signed the bipartisan omnibus bill, ending a year of historic progress. It’ll invest in medical research, safety, veteran health care, disaster recovery, VAWA funding — and gets crucial assistance to Ukraine,” Biden tweeted. “Looking forward to more in 2023.”

Senate minority leader Mitch McConnell “praised the bill on the grounds that it represents a real decrease in discretionary spending. He presented it as a positive that nondefense spending jumped by only 5.5 percent, from $730 billion to $772.5 billion, amid an inflation rate of 7.1 percent” writes National Review.

“The bipartisan government-funding bill that Senators Shelby and Leahy have finished negotiating does exactly the opposite of what the Biden administration first proposed,” he said. “This bill provides a substantial real-dollar increase to the defense baseline . . . and a substantial real-dollar cut to the non-defense, non-veterans baseline,” McConnell insisted as negotiations were wrapping up.

House minority leader Kevin McCarthy, however, stated his strong disapproval of the bill before it even advanced. Affirming a letter from 13 House Republicans, McCarthy demanded the bill is reckless, irresponsible, and a “purposeful refusal to secure and defend our borders.”

For example, it failed to incorporate protections for Title 42, the pandemic policy that allows illegal immigrants to be expelled on a public-health basis, which currently hangs in the balance at the Supreme Court.

National Review adds, “The funding in the bill, which averted a federal government shutdown before the new year, includes an allocation of $45 billion in defense assistance to Ukraine. Some Republican priorities, such as Electoral Count Act reform and a bigger military budget, were nested in with Democratic appropriations, such as increased funding for Medicaid and food stamps.”

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