OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Setting Forth the Congressional Budget for the United States Government for Fiscal Year 2022 and Setting Forth the Appropriate Budgetary Levels for Fiscal Years 2023 Through 2031

Floor Speech

Date: Aug. 10, 2021
Location: Washington, DC

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Mrs. FISCHER. Mr. President, I call up my amendment No. 3128, and I ask that it be reported by number.

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Mrs. FISCHER. Mr. President, Americans making over $100,000 a year claimed nearly 80 percent of electric vehicle tax credits in 2016.

According to the National Resource Defense Council, a leftwing environmental advocacy group, EVs cost $19,000 more than gas-powered vehicles.

My colleagues on the other side of the aisle like to say wealthy Americans should pay their fair share in taxes. Yet they want to expand the tax credit to disproportionately benefit even more people with six- figure salaries.

Everyday Americans are living paycheck to paycheck because of the sharp rise in costs due to inflation, but my colleagues on the other side want to subsidize luxury vehicles only the rich can afford using money from hard-working taxpayers, and my amendment would put a stop to that.

It simply prohibits individuals from claiming the tax credit if they make over $100,000 a year or if the car they are buying costs over $40,000. There is nothing wrong with the well-off buying fancy cars. I just don't think America's hard-earned taxpayer dollars should help to pay for it.

While I question why we are subsidizing this industry at all, the least we can do is to show bipartisan support for denying taxpayer subsidies for the rich.

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Mrs. FISCHER. Mr. President, we have a pickup truck. Vote on Amendment No. 3128
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