Democratic West Virginia Sen. Joe Manchin on Thursday slammed the Treasury Department over its decision to delay its rules on tax credits for electric vehicles.
, said Thursday that the Treasury Department's decision to delay its rules on tax credits for electric vehicles "bends to the desires of the companies looking for loopholes."added by Manchin required the Treasury Department to draft rules on the eligibility of tax credits for electric vehicles by Dec. 31.
Sen. Joe Manchin, D-W.Va., said the Treasury Department is bending to the"desires of the companies looking for loopholes." Sen. Joe Manchin, D-W.Va., says a tax credit for electric vehicles will help the U.S. compete with China and Russia. "It is unthinkable that we still depend on China and Russia for the materials and manufacturing necessary to power our nation in the 21st century, and I cannot fathom why the Biden administration would issue guidelines that would ensure we continue on this path," Manchin said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manchin calls for Treasury to pause electric vehicle tax credits in his billSen. Joe Manchin (D-WV) is slamming the Treasury Department over what he is calling a “dangerous” interpretation of his and the Democrats' climate and tax bill that passed earlier this year, urging the department to pause implementation of both commercial and new consumer electric vehicle tax…
Read more »
Report: Treasury Department missing data for 26% of 2021 rental assistance paymentsThe report points out the program has been beneficial for families most in need, particularly low-income renters who were at risk of eviction.
Read more »
Manchin hammers Biden over electric vehicle tax creditsSen. Joe Manchin III blasted the Biden administration Thursday for flouting the law by allowing loopholes for electric vehicle tax credits.
Read more »
Senator wants U.S. to pause implementation of new electric vehicle tax creditsSenate Energy and Natural Resources Committee chair Joe Manchin on Thursday urged the U.S. Treasury to pause implementation of commercial and consumer electric vehicle tax credits.
Read more »
U.S. Treasury says consumer leases can qualify for EV tax creditsThe U.S. Treasury Department said Thursday that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible.
Read more »