This morning, a coalition of 30 free market policy groups, including the Mississippi Center for Public Policy, sent a letter to House Ways and Means Committee Chairman Kevin Brady objecting to any expansion of the federal electric vehicle tax credit.
The letter encourages Chairman Brady to reject attempts by the EV lobby and their allies in Congress to slip a tax-credit cap increase into upcoming spending packages. Congress has a responsibility to spare American taxpayers increased economic harm from a subsidy that benefits only those who can afford expensive electric vehicles.
American Energy Alliance President Thomas J. Pyle made the following statement:
“The electric vehicle tax credit subsidizes expensive vehicles that only a fraction of wealthy Americans want and that do not necessarily pollute less than modern internal combustion engines.
“Why should a typical middle class American family — with a median annual income of $44,000 — subsidize the lifestyles of the rich and famous? Political leaders should recognize that Americans can make their own decisions about how to spend their money and what cars they want to drive. We shouldn’t give handouts to wealthy individuals to help defray the cost of their luxury vehicles.”
The full letter can be found here.
This press release is from the American Energy Alliance.