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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHouse Democrats unveil plans for array of new tax incentives
House Democrats are proposing $1.2 trillion in new tax breaks for universities, caring for the elderly, buying electric bicycles and a host of other incentives as part of the far-reaching spending package they are assembling.
But, even as they released another portion of their reconciliation plans, they did not unveil the touchiest part of their proposal: a much-anticipated slate of tax increases intended to help defray its cost.
Under a 645-page bill released late Friday night, Democrats would also create new breaks for buying electric cars and trucks, make Pell education grants completely tax free, offer new incentives to rehab homes in poor neighborhoods, and provide a new tax subsidy for hydrogen energy production.
As expected, their plan also calls for extending their signature monthly Child Tax Credit payment program and making permanent other subsides aimed mostly at low-income people.
https://www.msn.com/en-us/news/politics/house-democrats-unveil-plans-for-array-of-new-tax-incentives/ar-AAOkCNC
Hugh_Lebowski
(33,643 posts)There is no hydrogen energy production.
'Producing hydrogen' is much more akin to making batteries than it is to oil, solar, wind, nuclear, etc.
IOW, it is a storage medium, and creating it is a net energy 'loser'.
"Hydrogen production" is accurate, however.
Shermann
(7,358 posts)It is a waste of resources to keep pumping money into the loser
jimfields33
(15,474 posts)I mean wheres the exercise in that?
Hugh_Lebowski
(33,643 posts)If such bikes save on trips people would otherwise make in an internal combustion vehicle, it makes sense even without the exercise component