Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Biden touts electric vehicle tax credits with picture of him in luxury Hummer that doesn’t even qualify

by January 31, 2023
January 31, 2023
Biden touts electric vehicle tax credits with picture of him in luxury Hummer that doesn’t even qualify

President Biden took to Twitter on Monday to promote his electric vehicle tax credit. However, while doing so, he attached a picture of himself in one that doesn’t even qualify for it. 

‘On my watch, the great American road trip is going to be fully electrified,’ Biden tweeted, with a picture of him in a GMC Hummer EV that ranges in cost from $87,000 to nearly $110,000 depending on the model.

‘And now, through a tax credit, you can get up to $7,500 on a new electric vehicle,’ he continued.

The Hummer EV is not eligible for the credit since SUVs and trucks must not exceed a manufacturer’s suggested retail price of $80,000, according to the Internal Revenue Service. 

The Hummer EV is also far more than the median American salary. According to the Bureau of Labor Statistics, Americans’ median weekly earnings were $1,085 per week in the fourth quarter of 2022. That figure would put the median American salary around $52,000 per year.

When asked about Biden promoting the pricey GMC Hummer EV that does not qualify for the tax credits, a White House spokesperson told Fox News Digital that the president is committed to lowering electric vehicle costs.

‘President Biden is committed to lowering the cost of electric vehicles for all Americans and bringing more affordable electric vehicles onto the market,’ the spokesperson said. ‘The President’s Inflation Reduction Act lowers costs for Americans, including for electric vehicles and energy at home.’

The spokesperson also pointed to pictures of Biden driving the electric Jeep Wrangler and Ford F-150 Lightning, which qualify for the credits.

OVERSIGHT REPUBLICANS WARN BIDEN’S ELECTRIC VEHICLE PUSH WILL BENEFIT CHINA AND HURT AMERICAN JOBS 

Biden, meanwhile, has a history of promoting expensive electric vehicles. During a September Detroit auto show, Biden boarded a Cadillac LYRIQ, an electric SUV with a starting price of more than $60,000. 

‘You all know that I’m a car guy,’ Biden said at the event. ‘I’m here because the auto show and the vehicles here give me so many reasons to be optimistic about the future. I really mean it. Just looking at them and driving them, they just give me a sense of optimism although I like the speed too.’

‘We are rebuilding the economy, a clean energy economy, and we’re doing it from the bottom-up and the middle-out,’ he continued. 

Fox News’ Thomas Catenacci contributing reporting.

Joe Schoffstall is a politics producer/reporter for Fox News Digital. Story tips can be sent to Joe.Schoffstall@Fox.com and on Twitter: @joeschoffstall

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
These 4 senators are the most likely to lose their seats in 2024
next post
Biden administration proposes expanding access to no-cost birth control under Obamacare

You may also like

PURE GOLD: Kari Lake Challenges Katie Hobbs to...

October 16, 2022

Democrat leaders mum on potential national security threat...

January 17, 2023

‘It’s time to rip the band aid off!’:...

July 2, 2024

Boebert’s sudden nomination change for House speaker gains...

January 6, 2023

George Santos not going anywhere two weeks into...

January 14, 2023

The Mediocrity of British Intelligence Vividly Displayed in...

October 31, 2022

Senate advances Trump’s pick to lead the US...

January 30, 2025

Revealed: The extensive perks UN officials receive amid...

June 29, 2025

Hunter Biden’s business associates to appear for closed-door...

January 23, 2024

Harris will not speak from Howard University on...

November 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Licensing Cartelists Say the Quiet Part Out Loud in Puerto Rico

      July 1, 2025
    • Trump urges House Republicans to ignore ‘grandstanders’ and deliver his ‘big, beautiful bill’ by July 4

      July 1, 2025
    • S&P 500 Earnings for 2025 Q1 — Still Overvalued

      July 1, 2025
    • Schumer forces name change for ‘big, beautiful bill’ moments before it passes

      July 1, 2025
    • ‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January

      July 1, 2025
    • House Republicans call for investigation into Obama-appointed judge in Trump funding case

      July 1, 2025

    Categories

    • Business (8,354)
    • Investing (2,093)
    • Politics (15,905)
    • Stocks (3,182)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved