With a sticker price of $41,000, the government is offering a $7,500 tax credit to purchasers of a Chevy Volt. What a deal! Government Motors will show the full $41,000 sales price on their income statement and book the additional taxpayer handout of $7,500 as profit.
Since the government owns GM – along with the labor unions – why don’t they just sell the Volt for $33,500 and save the taxpayer $7,500 per car?
The $41,000 price tag on the Volt puts it in the same class as luxury cars like Mercedes Benz and BMW. Beemers and Benzes are the cars of choice for the wealthy.
The Democrats standard of “taxes for thee, but not for me” is in full bloom. Thanks to Congress, we Joe Six-Pack, hard-working Americans, still driving our used Chevys and Fords, will now be subsidizing the wealthy to the tune of $7,500 to buy an Obamamobile.