villarrr
Member
I can't see how the tax credit survives if tax reform is passed. The bill is going through the Senate's reconciliation process(51 vote minimum vs typical 60) which requires the change to be deficit neutral after ten years. What this means is that every available avenue to fund the cuts in the corporate tax, lowering the top bracket to 35% and eliminating the estate tax must be pursued. Net net, upper middle taxpayers will have to fund through a tax increase. With some very unpopular ideas being discussed (e.g. 401K contribution cap to $2K, elimination of state tax deduction), I can't see how EV credit survives. That is why car production being shifted from 2017 to 2018 is bumming me out, as I don't expect the tax change to be retroactive to 2017.