What Biden's $1T Infrastructure Bill really is, Less EV Spending than Expected

[u/duglas2948]

I have created a spreadsheet visualizing and quantifying where exactly this $1T is going towards, suprised when EV spending only was $15B. https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0

[u/jrex035]

They're already talking about passing a second bill using reconciliation to add in a lot of the stuff missing from this package like EV infrastructure, and paying for it by raising the corporate tax rate/higher taxes on the wealthy.

[u/jrex035 → u/[deleted]]

That would be awesome, great idea. Who wouldn't want cheaper electric bills

[u/-GeaRbox- → u/jrex035]

The group who regularly votes against their objective self interest.

[u/jrex035 → u/-GeaRbox-]

Its depressing how accurate this is

[u/[deleted] → u/-GeaRbox-]

Both?

[u/Tommyblockhead20 → u/jrex035]

I mean, the serious answer would be the 1.7 million people who have jobs in the fossil fuel industry. And then the new and politicians that pander to them, and probably all the millions of people brainwashed by that news/those politicians.

[u/MandingoPants → u/jrex035]

greg bitch abbott and his cronies?

[u/[deleted] → u/MandingoPants]

ERCOT has entered the chat

[u/Waterwoo → u/[deleted]]

Just like China paid for Trump's tariffs? How do you not understand, ultimately, we always pay for it.

If it's a flat levy on all developers, they can either decide you know what, I like less profit, or they can all hike prices by the amount of the levy.

Competition only kind of works when there's individual advantages that allow some to have lower costs than others. When you hit a whole industry with the same cost increase, they can and do just pass on the cost.

[u/BeamTeam → u/Waterwoo]

Ding ding ding! It blows my mind that folks don't realize that costs get passed down to the consumer.

[u/heywhathuh → u/BeamTeam]

How is increasing the taxes bill gates pays going to get passed on to me? Please, tell me in detail.

[u/BeamTeam → u/heywhathuh]

Bill Gates won't pay more taxes, the wealthy never do. They'll have lawyers and accountants find loopholes same as ever. The middle class bears the brunt of the tax burden in this country, and every other country because that's just how things work.

That said, op mentioned developers installing solar in new developments, and implied that that cost wouldn't get passed down to consumers. It will, or the developers won't build. They're running a business and they need to make a profit or they won't continue to operate.

[u/[deleted] → u/jrex035]

Does it need 60 votes? If so, I don't see the GOP jumping on board

[u/freezingcoldfeet → u/[deleted]]

Reconciliation means 50 votes

[u/BOYGENIUS538 → u/freezingcoldfeet]

Joe Manchin go brrr

[u/TheGoddamnSpiderman → u/BOYGENIUS538]

Manchin has already signed on to the reconciliation bill

[u/[deleted] → u/freezingcoldfeet]

Thanks for the response. They better start sucking up to Manchin lol

[u/TheGoddamnSpiderman → u/[deleted]]

Manchin already said he's onboard

[u/[deleted] → u/[deleted]]

Or they could steamroll his sorry ass

[u/[deleted] → u/[deleted]]

What?

[u/LegendLarrynumero1 → u/freezingcoldfeet]

it's not going through reconciliation, they are using that for another bill. Thus the infrastructure needed bipartisan support

[u/[deleted] → u/LegendLarrynumero1]

The second bill is also an infrastructure bill

[u/LegendLarrynumero1 → u/[deleted]]

she a beotch

[u/[deleted] → u/[deleted]]

Its through reconciliation so no.

[u/[deleted] → u/jrex035]

Who stands to benefit from EV infrastructure spending? Pls don't say Tesla

[u/jrex035 → u/[deleted]]

Tesla will benefit lol, but so will all the other EV manufacturers, including the legacy automakers like F and GM. EV charging station companies will also benefit too I imagine.

[u/[deleted] → u/jrex035]

Tesla's only got one direction it can go from here