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Obama’s Volt Tax Break?



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“At GM’s Hamtramck plant in Detroit . . . I got to get inside a brand new Chevy Volt fresh off the line, even though Secret Service wouldn’t let me drive it. But I liked sitting in it. It was nice. I bet it drives real good. And five years from now when I’m not president anymore, I’ll buy one and drive it myself,” President Obama told the UAW in Washington today.

How convenient that Obama bulked up the tax credit to electric-car buyers from $7,500 to $10,000 in his 2013 budget.



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