Sen. Braun Seeks to End Electric Vehicle Tax Credit for the Wealthy
March 04, 2020
March 04, 2020
WASHINGTON, March 4 -- Sen. Mike Braun, R-Indiana, issued the following news release:
With the U.S. Senate working this week on the American Energy Innovation Act, U.S. Senator Mike Braun (R-IN) will offer two modifications to the tax code that will eliminate the Electric Vehicle (EV) tax credit for wealthy families and vehicles that cost over $50,000. The amendments will save taxpayers hundreds of millions in subsidies used by millionaires to buy luxury cars.
The Endin . . .
With the U.S. Senate working this week on the American Energy Innovation Act, U.S. Senator Mike Braun (R-IN) will offer two modifications to the tax code that will eliminate the Electric Vehicle (EV) tax credit for wealthy families and vehicles that cost over $50,000. The amendments will save taxpayers hundreds of millions in subsidies used by millionaires to buy luxury cars.
The Endin . . .