By Jon Coupal, Howard Jarvis Taxpayers Association
Suppose you are offered a bargain on a pair of well-made shoes. You can have the new footwear at half price. The catch? They don’t fit and the discount is partially paid for through your tax dollars.
This is the kind of deal the public is being offered on some alternative energy vehicles. It is estimated that the Chevy Volt costs General Motors as much as $89,000 to manufacture, while it sells for $39,995. But the actual cost to the consumer is further reduced after a $7,500 federal income tax credit, and for California residents, another rebate of $2,500 from the state. Continue reading