There is a lot of loot in the pot o'gold that Mr. Podesta is spreading around.
A serious look from Bloomberg via Mining.com, December 30:
The US Treasury Department signaled some imported cars will qualify for electric-vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.
The Treasury sketched out its interpretation of content requirements for electric-vehicle tax credits Thursday, while delaying final rules until March so officials have more time to address the complexities of the law.
In a list of frequently asked questions, Treasury officials indicated that imported EVs can qualify for a consumer tax credit of up to $7,500 through a commercial-vehicle clause in the law by leasing them. That ruling will help foreign carmakers like Hyundai Motor Co., which has complained that their electric models were excluded from the subsidy because they don’t currently manufacture them in North America.
Making leased cars eligible as commercial vehicles triggered an immediate and angry response from West Virginia Senator Joe Manchin.
Interpretation ‘inconsistent’
In a statement Thursday, Manchin criticized the Treasury’s interpretation and urged officials to pause implementation of both the commercial and consumer electric-vehicle tax credits until the department issued “the appropriate guidance.”Manchin said the Treasury’s interpretation “bends to the desires of the companies looking for loopholes and is clearly inconsistent with the intent of the law.”....
....MUCH MORE
