Of course she is interested in getting reelected. It's just she has her own calculation, which most people think it's wrong. But who knows.
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Tesla EV Tax Credits coming back?
- Thread starter hnguy054
- Start date
SALT cap is now 80,000 over 9 years as opposed to 10,000/year over 9 years, which sure looks like a higher number. This seems silly...
Full bill is here https://rules.house.gov/sites/democrats.rules.house.gov/files/Section_by_Section_BBB_RCP117-18__.pdf
Page 141 onwards
Page 141 onwards
I think the original SALT cap is set to expire in 2025 so this is actually viewed as a net savings over 10 years.
I don't think so.
Section 137601. Modification of Limitation on Deduction for State and Local Taxes Increases the limitation the deduction for state and local taxes from $10,000 to $72,500 ($36,250 in the case of an estate, trust, or married individual filing a separate return), and extends the limitation through 2031. This provision is made effective for taxable years beginning after 2020.
I’m seeing lower income thresholds and higher MSRP caps on page 1483 of the document linked by hobbesH in post #1734.
Income thresholds:
Individual: $250k
Head of household: $375k
Married: $500k
MSRP cap:
Pickups, SUVs, and vans: $80k
Other (aka cars): $55k
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It starting to sound like they've worked out some of Sinema's issues. She seems to be onboard with the current taxes and the revision to the Drug pricing elements of the bill. As you said, neither seem to be concerned about the EV credits so do those look pretty safe for now.
Manchin and timing is the real hurdle, he has said time and again he want's to delay this bill to see what happens with inflation and he is against Pad Leave in this bill. But they are starting to talk about doing Paid leave separately, which could appease both Manchin and Sanders if it looks like there is a potential for bipartisan support. There have been some Republican Senators onboard with Paid Leave so it could be a bipartisan issue. Question is, if PL gets pulled, and goes back to the House, do the House Progressives throw another fit about the bill not being progressive enough? I wouldn't think so.
Looking back, it's really too bad they didn't put the EV credits into the Bipartisan Infrastructure Bill. I don't see the EV credits being a deal breaker with the republicans that signed onto that bill. The cost is minimal and it fits alongside the other EV charging funding that was passed. That would have really saved us here a lot of frustration and grief.
Guarantee you no Republican senators will cross the divide and vote for this. It's going through via the reconciliation process, which is simple majority vs 60 votes. They need all 50 Democrat senators to vote aye, then Kamala makes it 51 for the tie breaker.
Edit: I see what you're suggesting. They peel out some of the elements and allow it to pass, then deal with those other elements, such as PFL, and tackle them separately.
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I have no expectation that Republicans would cross the aisle for BBB. I think there is a chance that Paid Leave get's pulled out of the bill with the promise it gets addressed separately (this would be in 2022-2023). This could get Manchin onboard with BBB and appease Sanders/Gillibrand. There is a chance Paid Leave, on it's own, get's Bipartisan Support.
Why Paid Family Leave’s Demise This Time Could Fuel It Later
In failing to secure a benefit with bipartisan appeal, President Biden joins a long line of frustrated politicians. But some Republicans say it could be resurrected on its own.
ElectricIAC
Good-Natured Rascal
Still too high. Cut it down to 100/150/200 tops hard cap.
If you’re making over that and can’t afford an EV, consider not ordering as much carry out and Starbucks.
Well if you're in the 33rd congressional district, you should contact your elected official and register the feedback. Congressman Veasey (TX-33) Votes on Historic Package to Deliver Transformative Change for Texans
ElectricIAC
Good-Natured Rascal
The House passed Biden's massive social safety net and climate bill. Here's what happens next
The Senate will try to pass the Build Back Better Act before Christmas, and it will likely make changes to the House bill.
www.cnbc.com
Looks like Christmas is the new deadline Schumer wants to hit...if it passes, there is going to be a HUGE deluge of folks clicking "I'm Ready" and releasing their holds....I wonder how this will be handled by Tesla's internal processes?
leaftoy
Member
We can all play this game. Reduce MSRP limit to 40k. If you are getting an over 40k car, you don't need the tax credit and can make up the difference with some home cooked meals and home made coffee. Amirite? /s
Not to nitpick but isn't the exact wording Jan 1 2022, or when the bill is signed, whichever comes later? I only want to clarify this as it puts a bunch of people who are releasing their holds on Jan 1st in a tough predicament if they are still arguing over this thing next year.
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The House passed Biden's massive social safety net and climate bill. Here's what happens next
The Senate will try to pass the Build Back Better Act before Christmas, and it will likely make changes to the House bill.
Looks like Christmas is the new deadline Schumer wants to hit...if it passes, there is going to be a HUGE deluge of folks clicking "I'm Ready" and releasing their holds....I wonder how this will be handled by Tesla's internal processes?
BACK OF THE BUS!
(joking)
I would not want to be an SA in 2022 if the bill passes... lots of angry, impatient future owners.
ElectricIAC
Good-Natured Rascal
I can live with that change as well. Bring back the 35K and 39K 3/Y.
Thinking of maybe releasing my hold around the 20th? Get ahead of the curve a bit and then hope they can't deliver until after 1/1/22. I did notice that Model 3s have now been pushed from December to January delivery for new orders...
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