The “Cash for Clunkers” program offered purchasers a tax credit up to $4,500. First time new home buyers recently got an $8,000 tax credit. “Cash for Clunker Appliances” and “Cash for Caulkers” tax breaks soon followed. Now we have a $7,500 tax credit to buyers of an electric Chevy Volt or Nissan Leaf.
If tax breaks are so good for expensive, lame government-made cars and ten-year old washers and dryers, why can’t we get genuine tax breaks that would actually stimulate the economy and create jobs?