Feb 11, 2009

$timulus plan $hopping carts

The stimulus plan contains a host of “stocking stuffers” including $300 million for the government to purchase a fleet of "green" cars.

But the money won't just go to buy fuel-efficient hybrids such as the Ford Escape or Chevy Volt.

The cash also can be used to purchase NEV’s (neighborhood electric vehicles as shown below).



These NEVs, which resemble streamlined golf carts, scoot at up to 25 mph, operate on battery power and can be plugged into 110-volt outlets for charging.

There is a tax subsidy in the bill giving a 10 percent tax credit off the price of specified "low-speed" vehicles costing up to $40,000.

The bill does not appear to cap the total number of credits that a person or business could take.

Wonder how many government subsidized golf carts will be milling about in your neighborhood?

One Senate GOP aide fumed:

Americans who are not lucky enough to get a piece of the stimulus pie will at least be able to rest comfortably at night knowing that the guy who just fired them is gonna get a tax break on his new golf cart.

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