October 25, 2019 9:45 AM, EDT Schumer Proposes $462 Billion Car Swap — Gas for Electric Senate Minority Leader Chuck Schumer is moving Democrats’ climate talk to where the rubber meets the road, proposing a $462 billion trade-in program to get millions of Americans out of climate-damaging gas vehicles and into electric or hybrid cars over the next decade.
Schumer’s rebate proposal late Oct. 25 joins a mix of trillion- and multitrillion-dollar programs that Democratic presidential candidates have outlined to urgently cut oil, gas and coal emissions, as climate change weighs as an issue in the 2020 campaigns.
Schumer said the “proposal to bring clean cars to all of America” would be a key part of climate legislation by Senate Democrats. The injection of government-supported spending for electric cars “could position the U.S. to lead the world in clean auto manufacturing,” he said.
The New York Democrat’s plan would give American car buyers thousands of dollars each to trade in gas-burning cars for U.S.-assembled electric, hybrid or hydrogen cell cars. Lower-income households, and buyers of cars with American-made parts, would get extra credits.
About $45 billion would go to boost availability of charging stations and other electric car infrastructure. And $17 billion would help automakers increase their production of electric cars, batteries and parts.
He didn’t outline how he would pay for the plan.
The highest ranking lib Senator is more concerned with electric cars than he is with your pensions but they'll come looking for your vote next year. Yep, teamster pensions is #1 on their to do list right after spending over 400 billion on enviro stuff. How much would it take to shore up Central States?
Naw, they haven't forgot about you. Just go sit quietly, in the back of the bus, and when the photo-op time is right, they will hug you, cry with you, and sing with you, until the camera is turned off, at which time, you can go back to the back of the bus.
And I can tell you that Senator Grassley is more than happy to lobby for subsidies for the corporate farmers who are having trouble making ends meet because of the tariffs on China
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