He would also reduce regulations and establish realizable fuel economy standards
February 27, 2025 at 6.30pm
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- Freedom ACT transportation was introduced to “revitalize automotive manufacturing” in America.
- He calls on car workers to obtain a 200%tax deduction, although there are stipulations.
- The law also provides for revival and establish national standards.
The congress continues to deploy legislation on the theme of the automobile and one of the last people is the transportation Freedom Act, which has already obtained the support of a certain number of car manufacturers. It aims to hike regulations, while offering cars workers with catchy advantages.
In a viewer published by the Senator of Ohio Bernie Moreno, his office affirms that the bill is a “pro-American and pro-traveler solution to revitalize automobile manufacturing and restore the equity of registrations on emissions”. Although it is widely focused on the latter, one of the most discussed aspects is a 200% tax deduction for American car workers.
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By deepening real legislation, this part calls for modifying the 1986 internal income code to add a special section for wages paid to workers in automotive manufacturing. He wants people engaged in the production of cars or car components “are authorized for a deduction equal to 200% of an amount equal to the total amount of eligible wages paid or engaged by this taxpayer during this taxable year.”
However, there is an assortment of stipulations such as a requirement that 75% of total production should be completed in the United States. There is also an individual salary limit of $ 150,000 per taxable year.
As fun as taxes, let’s move on and we focus on the regulatory side of the law. He calls for the repeal of the EPA exhaust pipe rule, which, according to the Bureau de Moreno, “would force that 67% of all new cars are electric by 2032, regardless of the demand or the affordability of consumers”.
He also calls for the elimination of “heavy emission rules for heavy trucks” and to end “arbitrary standards of the fuel economy of cafes”. The latter would be “replaced by difficult but achievable standards reflecting ready -to -employment technology and industry consultation”.
In addition, this would end the special status of California which allows them to fix their own standards. Instead, there would be a national standard and that means that a state would not have a lever on the rest of the country.
In the longer term, he plans “stable emissions and fuel economy standards of 2027-2035”. They promise to be affordable and achievable, “not government mandates disconnected from consumer demand”.
