Electric Vehicles

#3,576
#3,576
Orangeburst said:
What were the major revenue raisers that were cross appropriated?
Click to expand...

1% stock buyback tax
Revenues over and above increased IRS funding
15% Corporate minimum tax
Negotiated savings for Rx

Those savings/revenue raisers is what is paying for all the Green energy stuff in IRA...
 
#3,577
#3,577
BigOrangeMojo said:
1% stock buyback tax
Revenues over and above increased IRS funding
15% Corporate minimum tax
Negotiated savings for Rx

Those savings/revenue raisers is what is paying for all the Green energy stuff in IRA...
Click to expand...

I was talking TCJA?
 
#3,578
#3,578
With TCJA (Revenue Raisers)

Transition tax on foreign earnings
Changes to interest expense deductibility under 163j
Changes to R&D expense deductibility under 174
Changes to executive compensation deductions under 162m
SALT Cap
Elimination of manufacturing deduction under 199
GILTI Tax on foreign earnings
Beat Tax on foreign earnings
Changes to Foreign Tax Credit
Increased taxes due to economic growth
 
#3,579
#3,579
BigOrangeMojo said:
With TCJA (Revenue Raisers)

Transition tax on foreign earnings
Changes to interest expense deductibility under 163j
Changes to R&D expense deductibility under 174
Changes to executive compensation deductions under 162m
SALT Cap
Elimination of manufacturing deduction under 199
GILTI Tax on foreign earnings
Beat Tax on foreign earnings
Changes to Foreign Tax Credit
Increased taxes due to economic growth
Click to expand...

Right mostly tax cuts as the name implies. Not cross appropriation of revenue or savings from one program to another. I fail to see any resemblance.
 
#3,580
#3,580
Orangeburst said:
Right mostly tax cuts as the name implies. Not cross appropriation of revenue or savings from one program to another.
Click to expand...

A lot of oil and gas stuff and weakening of ACA as well....

But yeah, it was mostly a reform of the tax code to use some of the projected macroeconomic savings for oil/gas and ACA weakening. There was some unrelated pork(i.e Non tax/Non ACA/Non oil) in there but the total amount of that was <5% of budget impact...
 
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#3,581
#3,581
Further aside.

From a technical standpoint, TCJA was very poorly written. CARES Act was the same way, and IRA is the same way. The "balancing act" to fit TCJA and IRA under reconciliation is full of BS numbers, budget tricks, and assumptions...

You are seeing entire cottage industries pop up because of how poorly CARES and IRA were written and technical corrections are still being issued on TCJA....
 
#3,582
#3,582
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#3,583
#3,583

Hertz Selling 20,000 EVs From Fleet, To Reinvest In Gas-Powered Vehicles​


Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet.


The offloading of the vehicles will cut the company's global EV fleet by one-third, Hertz said in a filing with the Securities and Exchange Commission.

www.foxbusiness.com

Hertz selling 20,000 EVs from fleet, to reinvest in gas-powered vehicles

Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet and expects to invest in more gas-powered vehicles.
www.foxbusiness.com www.foxbusiness.com
 
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#3,584
#3,584
Franklin Pierce said:

Hertz Selling 20,000 EVs From Fleet, To Reinvest In Gas-Powered Vehicles​


Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet.


The offloading of the vehicles will cut the company's global EV fleet by one-third, Hertz said in a filing with the Securities and Exchange Commission.

www.foxbusiness.com

Hertz selling 20,000 EVs from fleet, to reinvest in gas-powered vehicles

Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet and expects to invest in more gas-powered vehicles.
www.foxbusiness.com www.foxbusiness.com
Click to expand...
I'm not sure what the idea was behind these high-mileage delivery, rental, or moving companies investing heavily into EVs. That seems like an impractical strategy with current technology.
 
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#3,585
#3,585
kiddiedoc said:
I'm not sure what the idea was behind these high-mileage delivery, rental, or moving companies investing heavily into EVs. That seems like an impractical strategy with current technology.
Click to expand...

Goals from a shareholder ESG initiative that they met by other means....
 
#3,586
#3,586
kiddiedoc said:
I'm not sure what the idea was behind these high-mileage delivery, rental, or moving companies investing heavily into EVs. That seems like an impractical strategy with current technology.
Click to expand...
My past two flights into Dulles, Hertz has tried to get me into a Tesla for cheaper than the economy car. Both times, no. It's not practical for a rental unless you aren't driving much.
 
#3,588
#3,588
kiddiedoc said:
I'm not sure what the idea was behind these high-mileage delivery, rental, or moving companies investing heavily into EVs. That seems like an impractical strategy with current technology.
Click to expand...
Hertz was/is operating a program in some of the larger cities in conjunction with Uber, where Hertz rented the car by the week, month or year and the driver could use as an uber car. Rode in several in DC and NYC last year. Was an economical way for people to have an EV and make enough to pay the agreement.
I think that's come back to haunt Hertz since to make the payments, there was a lot of Ubering and the wear and tear that adds.


I don't think the program was offered only in major cities.
 
#3,590
#3,590
Willy P said:
My past two flights into Dulles, Hertz has tried to get me into a Tesla for cheaper than the economy car. Both times, no. It's not practical for a rental unless you aren't driving much.
Click to expand...
How does charging work? Is that included at your hotel? Do you typically put more than 250 miles on a rental during your stay?

If you don't have to pay to charge at a supercharger, you would definitely save on gasoline to fill up the rental. Plus, you get an incredibly fast, comfortable, and technologically- advanced vehicle over a POS entry-level compact.
 
#3,594
#3,594
kiddiedoc said:
How does charging work? Is that included at your hotel? Do you typically put more than 250 miles on a rental during your stay?

If you don't have to pay to charge at a supercharger, you would definitely save on gasoline to fill up the rental. Plus, you get an incredibly fast, comfortable, and technologically- advanced vehicle over a POS entry-level compact.
Click to expand...

I fly in to Dulles because I can get a direct from Knoxville, then drive about 1.5-2 hours to north of Baltimore. If I have a meeting in DC, I'll stay downtown a night. There are no chargers at any of the hotels near where I work up there. So over the course of 2-3 days I'll have to either account for superchargers in the Baltimore area or allow myself the 30 minute stop on the return drive. It's doable but not worth the trouble. I'm spoiled by being able to just plug ours in at home every night.

If the hotel had a charger I would be more keen.
 
#3,595
#3,595
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