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Tue Nov 27, 2018, 08:21 PM

Trump says he'll cut GM's subsidies. He can't do it without Congress.

President Donald Trump on Tuesday threatened to retaliate against General Motors for its decision to shutter plants and slash jobs by cutting the automaker’s federal subsidies, including for electric cars. But he can’t act unilaterally to do it.

The president has become increasingly incensed publicly since GM said on Monday that it would make overhauls that would lead to $6 billion in cost reductions by 2020, including shuttering up to five plants in the US and Canada and slashing 15 percent of its salaried workforce, a total of some 14,700 jobs.

“We don’t like it,” Trump told reporters on Monday. He said that he told CEO Mary Barra, who met with National Economic Council Director Larry Kudlow regarding the decision, “You better get back in there soon.”

On Tuesday, Trump upped the ante even more, firing off a pair of tweets at GM.

“The U.S. saved General Motors, and this is the THANKS we get!” he wrote, before going on to say he was considering cutting GM’s electric car subsidies.

At a press briefing on Tuesday, Kudlow also said the administration would be “looking at certain subsidies for electric cars.”

Trump appears to have been referring to a $7,500 federal tax credit for consumers who buy fully electric cars. The credit currently phases out after an automaker sells 200,000 such cars. It originated in the 2009 stimulus bill and was extended in the 2017 Republican tax bill Trump signed last year.


https://www.msn.com/en-us/news/politics/trump-says-hell-cut-gms-subsidies-he-cant-do-it-without-congress/ar-BBQac9N?li=BBnb7Kz


So Trump wants to raise taxes on the consumer once again.

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Reply Trump says he'll cut GM's subsidies. He can't do it without Congress. (Original post)
Yo_Mama_Been_Loggin Nov 27 OP
manor321 Nov 27 #1
Doodley Nov 27 #2
workinclasszero Nov 27 #3
tammywammy Nov 27 #4

Response to Yo_Mama_Been_Loggin (Original post)

Tue Nov 27, 2018, 08:23 PM

1. Every Republican should be asked yes or no if they support this

That's what the press would do if they covered policy. But they don't cover policy.

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Nov 27, 2018, 08:48 PM

2. Companies should only get tax breaks if 1/ they support Trump, and 2/ do as Trump says.

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Nov 27, 2018, 09:09 PM

3. So to show his anger at GM shutting down plants

and throwing workers out of their jobs...

Genius boy with good brains Dumpster will kill GMs subsidies for electric cars and throw even MORE GM workers out in the streets!

The man is a ****ing wizard playing eleventy level chess I swear!

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Nov 27, 2018, 09:10 PM

4. GM's subsidy was going to run out this year anyway. n/t

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