Politically Incorrect News and Views

Your Conservative home for 2nd Amendment, Political and National Discussion
 
HomeHome  RegisterRegister  Log inLog in  
Time & Date CST
html code for clock
Sight Supporters
free forum
Forum Theme Songs
Join the NRA
Latest topics
» 9MM Carbine
Tue Oct 08, 2013 9:14 am by Alley_Oop Mod/Admin

» JOE SCARBOROUGH, PIERS MORGAN: OBAMA SCANDALS PROVE GUN ADVOCATES AREN'T CRAZY
Sun Jul 07, 2013 6:13 am by UncleFrank

» California Approves $92M Ammo Tax To Combat Gun Violence
Sun Jul 07, 2013 6:07 am by UncleFrank

» Benghazi as Lazarus, Back from the Dead
Sun Jul 07, 2013 6:03 am by UncleFrank

» Georgia Gov. Deal orders Bibles returned to state-owned park
Sun Jul 07, 2013 5:57 am by UncleFrank

» STATE DOJ: BUSTS REVEAL UNPRECEDENTED CARTEL PRESENCE IN OREGON
Sun Jul 07, 2013 5:54 am by UncleFrank

» North Korea fires three short-range missiles as Japan envoy pays “secret” visit
Sun Jul 07, 2013 5:46 am by UncleFrank

» WHITE HOUSE OFFICIALS BLAME STATE FOR NOT DEPLOYING RAPID-RESPONSE TERROR UNIT TO BENGHAZI
Sun Jul 07, 2013 5:42 am by UncleFrank

» Obama Is No Richard Nixon
Sun Jul 07, 2013 5:37 am by UncleFrank

» Obama Keeps Eyes on The Prize in 2014
Wed Jun 26, 2013 7:50 am by UncleFrank

» Benghazi Ghosts Haunt Whitehouse
Wed Jun 26, 2013 7:47 am by UncleFrank

» Obama’s Constitutionally-Challenged Labor Board Silent After Losing Another Legal Battle
Wed Jun 26, 2013 7:44 am by UncleFrank

» 7 Things We Learned from the Benghazi Whistleblower Hearing
Wed Jun 26, 2013 7:43 am by UncleFrank

» Four More Things We've Learned
Wed Jun 26, 2013 7:41 am by UncleFrank

» Five Key Points from Today's Benghazi Hearing (So Far)
Wed Jun 26, 2013 7:39 am by UncleFrank

» DOJ: We don't need warrants for e-mail, Facebook chats
Wed Jun 26, 2013 7:38 am by UncleFrank

» When An Old Soldier Dies
Wed Jun 26, 2013 7:35 am by UncleFrank

» Presence of Malice: Against the Conservative Portrait of the President
Sun Jun 02, 2013 10:39 am by UncleFrank

» DEM SENATOR: 2ND AMENDMENT NOT 'ABSOLUTE' OR 'GOD-GIVEN RIGHT'
Wed May 22, 2013 3:07 pm by UncleFrank

» NRA Convention Protesters: Nice, Clueless, Unsure
Wed May 22, 2013 3:06 pm by UncleFrank

New Videos
Search
 
 

Display results as :
 
Rechercher Advanced Search
Forum

Share | 
 

 “This might be the most government-supported car since the Trabant.”

View previous topic View next topic Go down 
AuthorMessage
Alley_Oop Mod/Admin
Admin
avatar

Posts : 15226
Join date : 2010-06-06
Age : 69
Location : Denton

PostSubject: “This might be the most government-supported car since the Trabant.”   Fri Dec 23, 2011 4:46 am

[You must be registered and logged in to see this link.]

Chevy Volt Costing Taxpayers Up to $250K Per Vehicle


Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.

Hohman looked at total state and federal assistance offered for the development and production of the Chevy Volt, General Motors’ plug-in hybrid electric vehicle. His analysis included 18 government deals that included loans, rebates, grants and tax credits. The amount of government assistance does not include the fact that General Motors is currently 26 percent owned by the federal government.



The Volt subsidies flow through multiple companies involved in production. The analysis includes adding up the amount of government subsidies via tax credits and direct funding for not only General Motors, but other companies supplying parts for the vehicle. For example, the Department of Energy awarded a $105.9 million grant to the GM Brownstown plant that assembles the batteries. The company was also awarded approximately $106 million for its Hamtramck assembly plant in state credits to retain jobs. The company that supplies the Volt’s batteries, Compact Power, was awarded up to $100 million in refundable battery credits (combination tax breaks and cash subsidies). These are among many of the subsidies and tax credits for the vehicle.

It’s unlikely that all the companies involved in Volt production will ever receive all the $3 billion in incentives, Hohman said, because many of them are linked to meeting various employment and other milestones. But the analysis looks at the total value that has been offered to the Volt in different aspects of production – from the assembly line to the dealerships to the battery manufacturers. Some tax credits and subsidies are offered for periods up to 20 years, though most have a much shorter time frame.

GM has estimated they’ve sold 6,000 Volts so far. That would mean each of the 6,000 Volts sold would be subsidized between $50,000 and $250,000, depending on how many government subsidy milestones are realized.

If battery manufacturers awarded incentives to produce batteries the Volt may use are included in the analysis, the potential government subsidy per Volt increases to $256,824. For example, A123 Systems has received extensive state and federal support, and bid to be a supplier to the Volt, but the deal instead went to Compact Power. The $256,824 figure includes adding up the subsidies to both companies.

The $3 billion total subsidy figure includes $690.4 million offered by the state of Michigan and $2.3 billion in federal money. That’s enough to purchase 75,222 Volts with a sticker price of $39,828.

Additional state and local support provided to Volt suppliers was not included in the analysis, Hohman said, and could increase the level of government aid. For instance, the Volt is being assembled at the Poletown plant in Detroit/Hamtramck, which was built on land acquired by General Motors through eminent domain.

“It just goes to show there are certain folks that will spend anything to get their vision of what people should do,” said State Representative Tom McMillin, R-Rochester Hills. “It’s a glaring example of the failure of central planning trying to force citizens to purchase something they may not want. … They should let the free market make those decisions.”

“This might be the most government-supported car since the Trabant,” said Hohman, referring to the car produced by the former Communist state of East Germany.

According to GM CEO Dan Akerson, the average Volt owner makes $170,000 per year.

_________________
ΜΟΛΩΝ ΛΑΒΕ - Benefactor Life NRA - Concealed Handgun Instructor Texas

EXPERIENCE IS WHAT YOU GET WHEN YOU DON'T GET WHAT YOU WANTED!

There are only two defining forces that have ever offered to die for you!
Jesus Christ for your soul and the American Soldier for your freedom!
Back to top Go down
http://texasconcealedhandguninstructor.com
UncleFrank
Honored Armed Service Member
Honored Armed Service Member
avatar

Posts : 11868
Join date : 2010-07-25
Age : 67
Location : Commie occupied N.J.

PostSubject: Re: “This might be the most government-supported car since the Trabant.”   Sun Dec 25, 2011 3:40 am

This is just great. I just finished reading a book on what obamama knows about the economy. It's has about 700 blank pages. A very quick read.


Last edited by UncleFrank on Sun Dec 25, 2011 6:33 am; edited 1 time in total
Back to top Go down
Alley_Oop Mod/Admin
Admin
avatar

Posts : 15226
Join date : 2010-06-06
Age : 69
Location : Denton

PostSubject: Re: “This might be the most government-supported car since the Trabant.”   Sun Dec 25, 2011 6:07 am

Never thought of a book done in that manner but it makes perfect sense when you think about it! Should have been entitled what Little Hitler knows about everything!! LMAO!!

_________________
ΜΟΛΩΝ ΛΑΒΕ - Benefactor Life NRA - Concealed Handgun Instructor Texas

EXPERIENCE IS WHAT YOU GET WHEN YOU DON'T GET WHAT YOU WANTED!

There are only two defining forces that have ever offered to die for you!
Jesus Christ for your soul and the American Soldier for your freedom!
Back to top Go down
http://texasconcealedhandguninstructor.com
UncleFrank
Honored Armed Service Member
Honored Armed Service Member
avatar

Posts : 11868
Join date : 2010-07-25
Age : 67
Location : Commie occupied N.J.

PostSubject: Re: “This might be the most government-supported car since the Trabant.”   Sun Dec 25, 2011 6:34 am

LMAOPMP!!!
Back to top Go down
Sponsored content




PostSubject: Re: “This might be the most government-supported car since the Trabant.”   

Back to top Go down
 
“This might be the most government-supported car since the Trabant.”
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Chinese Government Denies Approval for Lich King Again
» Government November 2011
» Stormwind Government
» There are STILL DSiWare games being developed?!
» Well I got a letter from the government today...

Permissions in this forum:You cannot reply to topics in this forum
Politically Incorrect News and Views :: FFC Forums :: General Discusions for The FFC :: Forum Talk-
Jump to: