Chevy Volt
 

GM Admits that Dealerships are Taking Chevy Volt Tax Credits | National Legal and Policy Center


:smash:

This happened under Obama. Remember this in 2012.

The GSA reported yesterday that the Federal Govt has almost doubled it's limousine inventory in the last two years while O'bama is pushing green green green.

Yes they said that some of the orders for the cars could POSSIBLY have come from G Bush. But the majority of them were done under the O'bama admin.





Disclaimer: If I bore you by posting this then please click ignore.

WTH does this have to do with the price of leaky batteries in China?

:huh:

The Tornados were Obama's fault too......

You think it's ok for a dealer to take the 8k per car from the govt because the salesman was told to put 100 miles on it? This when the rebate was supposed to be for consumers to buy the cars? Then because there's no way for the govt to keep track of where the cars went and who got the rebate that now consumers are dipping back in the same bucket and pulling a $8k rebate again?

The point is this was crafted entirely by O'bama. Not Bush, not Clinton, the big O himself. This should be illegal. It should have been factored in with the legislature that created the rebate to begin with.

Great example of O'bamas admin at work.

an example of govt waste

- while at the same time they want to raise taxes

When asked about this today Obama had one thing to say...



FOOOOOOOOUUUUUUURE

:rolleyes:

I'm no fan of 'O but this really is nothing to do with him. And it is no better than all the stuff wrongly dumped on Bush.

Not sure why you say this has nothing to do with him John? He was instrumental in the GM deal from what I remember?

He's the head cheese...it happened under his leadership? And he continues to allow it to happen? If this was private industry the CEO would be falling on his sword right now.

He authorized the limos...again this is right while he pushes that the govt is going green and he drives a car that gets -3 mpg?

If you don't think it's his fault then whose to blame?

Gee, I don't know. But even though it may seem like O sits on his throne dictating while his scribes quill his commands, it isn't always the case...

I think the first tax incentives for alternative fuels were issued in 2001 for the prius. Obama didn't create the program. Also, Obama didn't have anything to do with what amounts to a tax scam by GM. Grasping at straws on this one, Scott. No matter what, the bullet proof limos are going to get cruddy mileage anyway.

I don't for one minute believe that he DIDN'T have his fingers in this. Sorry but he was instrumental in closing that whole GM thing up. The car execs didn't go to Washington to see Hillary nor did the doubling of the limousines happen without someone in high ups know it. Your talking custom high end Cadillac units all armored out...probably $100-150 k each. Not something you can buy on a govt Pcard. They met with Captain America himself. And he should be held responsible for the reported 16 billion dollar loss on the GM deal too :smash:

Hey just print more money that's the solution. :smash:

Whatever back to the pile of straws.

Funnie, last month I saw two electric cars broken down on the interstate.
Must have run out of electric. :hihi:

I still can't figure what this thread is about.
Posted from my iPhone/Mobile device

The U.S. sold almost half of its stake in the nation’s largest automaker for $33 a share -- about $10 less than it needs to break even. The remaining shares will need to sell for about $20 higher to make up the difference. GM opened at $35 and stayed within $1.11 of that price all day. Selling the remaining shares at that price would produce a loss of about $9 billion.

That may go down as a bargain. The U.S. would have lost $28.6 billion in spending on social services and missing tax revenue if not for the bailout of GM, its former lending arm and Chrysler Group LLC, according to a study released Nov. 17 by the Center for Automotive Research in Ann Arbor, Michigan.

GM Bailout Losses Worthwhile for Obama as IPO Shrinks Cost to $9 Billion - Bloomberg

Must be inconsequential to your advanced mind. Spence you going to the Palin clambake today?

Sara Merriam said: 'The categories in the Fleet Report are overly broad, and the term "limousine" is not defined.

'Vehicles represented as limousines can range from protective duty vehicles to sedans,' she added.

Read more: Number of luxury cars used by Obama Government soars thanks to Hillary Clinton | Mail Online

President Obama issued a memorandum last Tuesday requiring agencies to buy only cars that use alternative fuels by 2015.

Executive fleets were also instructed to also use just medium and small cars in the future, with the exception of law enforcement and security cars, which make up the majority of the federal fleet.

Read more: Number of luxury cars used by Obama Government soars thanks to Hillary Clinton | Mail Online

I wonder if the # of limo's ordered has anything to do with the high # of death threats to Obama. I think I read that they have incr. tremendously since he b/c pres.

Some more VOLTAGE ( I kill myself sometimes) :rotf2:

Some Volt dealers take tax credit themselves - Business - Autos - msnbc.com

"the asking price of $39,995 is a modest discount off the $41,000 sticker price. But a salesman at the suburban Los Angeles showroom said he did not believe the three Volts would qualify for the $7,500 federal tax credit allocated for buyers of new battery vehicles."

"“Many Volts with practically no miles on them are being sold as ‘used’ vehicles, enabling the dealerships to benefit from the $7,500 credit supplied by the American taxpayers on each car,” NLPC’s Mark Modica said in a blog post on the practice. “The process of titling the Volts technically makes the dealerships the first owners of the vehicles, which gives them the ability to claim the subsidies. The cars are then offered to retail customers as ‘used’ vehicles."

"Modica, a former Saturn dealership manager, said in an interview he was reluctant to call the process a “scam,” preferring to describe it as “gaming the system.” Though it may technically be legal, “it is not right,” he said."


"A spokesman for the Internal Revenue Service declined to comment beyond pointing to the language of the tax code passed by Congress to help promote the sale of battery vehicles. According to Title 26 Section 30D, a vehicle qualifies for the credit when:
(a) The original use (of the vehicle) "commences with the taxpayer," or
(b) The vehicle "is acquired for use or lease by the taxpayer and not for resale."


:smash:

"the Treasury's inspector general for tax administration revealed earlier this year that as much as $33 million in improper battery car tax credits had so far been claimed, as much as $7 million of that figure considered unrecoverable."


So the IRS SAYS it's illegal, they know it's happening, and they allow it to happen.


Nice. These guys should be brought up on charges then. Never happen. Too busy playing golf. That's alot of money.

Scott, maybe you can make a citizen's arrest. That would get some attention to the issue. It is funny how so many act like the president hasn't done anything but play golf, then btch constantly about everything he has done to ruin the country. Love is blind, as they say...

DOD is pumping billions into its "cyberspace" program parallel to years of NSA R&D and hiring of hackers, who's fault is that?

yours :rotf2:

Hi Ted :wave: