Utah Senator Orrin Hatch fighting AGAINST Electric Bicycle Tax Credit

The 78 year old bag of dust is once again running for office and the brain dead people of Utah will vote him back in.

If there was ever an argument for term limits it's Orrin Hatch.

Hatch was recently quoted as stating in regards to the Senate approving a whopping 10% tax credit for electric bicycles.

“Do we really want to portray ourselves as members of the Finance Committee to drive over the fiscal cliff riding on the back of an electric motorcycle?”

ORIN HATCH NEEDS TO GET IN THE BOX!  FIRST HE CLAIMS ALL DISABILITY APPLICANTS ARE CRIMINALS TRYING TO MILK THE SYSTEM NOW HE IS BAD MOUTHING ELECTRIC BICYCLES? HATCH IS A WORTHLESS OLD BAG OF DUST THAT CAN NOT DIE FAST ENOUGH. Resign and do the country a favor.

Here is the article from the Detroit News:

August 3, 2012 at 1:00 am
Senate panel passes electric bike credit

* By David Shepardson
* Detroit News Washington Bureau
* Comments

Washington— The Senate Finance Committee approved a $2,500 tax credit for electric bikes and motorcycles — a move that could help spur the EV bike industry.

Sen. Ron Wyden, D-Oregon, introduced the amendment to reinstate the tax break that was approved in 2009 as part of the $800 billion stimulus package, but expired on Jan. 1.

The tax break was necessary with "thousands of jobs on the line" and will cost $15 million over two years, Wyden said.

The bill would end an existing EV tax credit for golf carts that can't be taken on public highways.

"There's no reason to have a credit for a golf cart," Wyden said.

The EV bikes would be eligible for a 10 percent federal tax credit up to a maximum of $2,500.

"This is about good-paying American jobs," Wyden said. "These jobs are going to go somewhere. … Are they going to be red white and blue jobs or are they going to be developed by our competitors?"

Sen. Orrin Hatch, R-Utah, questioned the provision and noted that the country faces huge debt and tax issues. If the committee can't end this tax break, "how can we deal with the bigger issues?"

Hatch added: "Do we really want to portray ourselves as members of the Finance Committee to drive over the fiscal cliff riding on the back of an electric motorcycle?"

Sen. Jeff Bingaman, D-N.M., said the measure was about supporting U.S. manufacturing and boosting the EV market. "This is one of the real opportunities," Bingaman said.

Sen. Debbie Stabenow, D-Lansing, said U.S. manufacturers need the incentive.

About 25 million electric bikes were sold in China last year, compared with fewer than 100,000 in the United States.

dshepardson@detnews.com

Posted by on and filed under Blog. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

You must be logged in to post a comment Login