Category: Taxes

By on August 26, 2015

Trans-Pacific Partnership Circa 2010

The head of the AFL-CIO in the United States is criticizing the current presidential administration for its pursuit of a trade zone in the Pacific that could open up Asian markets to America and vice versa, the Detroit News is reporting.

AFL-CIO President Richard Trumka wrote the administration a letter saying that a free-trade agreement with countries such as Japan jeopardizes American jobs because those countries may be able to source cheaper parts from outside the negotiated area, according to the report.

“I hope it is not the case that the Canadian and Mexican negotiators are actually holding a harder line than our own government on this issue. But due to the unaccountable lack of transparency from USTR, absolutely critical decisions are being made without our input or voice. Thousands of good American jobs and an iconic American industry are at risk, and we don’t even know what our government’s negotiating position is.”

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By on July 30, 2015

Chevrolet_Tahoe_Hybrid_O'Malley_--_01-12-2010

A U.S. Senate committee for transportation passed along a bill Thursday that included provisions to help domestic automakers develop and build cleaner vehicles, the Detroit News is reporting.

The proposal, dubbed the Vehicle Innovation Act, was included in a larger clean energy bill taken up by the committee. The Vehicle Innovation Act would set aside $313.6 million next year for research and development of hybrid technology, battery development and alternative fuels such as natural gas. Funding would increase by 4 percent every year up to 2020.

Nearly all major U.S. automotive lobbies representing manufacturers supported the proposal. Read More >

By on July 27, 2015

Chrysler Brampton Assembly Plant

Ontario’s debt is swelling and as home to eight manufacturing plants — the largest complex in North America — automakers may have a tough time keeping plants open in Canada’s most-populous province.

According to a story by the Financial Post, Ontario is moving forward with an ambitious plan to revamp roads and mass transit systems despite its debt being downgraded by Standard & Poor’s bond index. The broad public spending plan also extends to other sectors, despite high unemployment numbers and slumping manufacturing jobs.

Automakers such as Fiat Chrysler Automobiles have called on the provincial government to cut back on public programs and reduce costs on utilities in an effort to keep car building in the province profitable. This year, Chevrolet will shift production of its Camaro to Michigan. On the whole, Oshawa GM production has a dark cloud lingering overhead until the company decides what to do with the facility in 2016.

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By on July 2, 2015

Atlanta Police Nissan Leaf

Sales figures from automakers this week show slumping sales of electric vehicles and hybrids nationwide as gas prices drop and tax incentives dry up.

According to the Detroit News, sales from EV makers such as Nissan and Chevrolet have slowed down significantly — more than 30 percent for the Volt and 12 percent for the Leaf — last month, and both models may end up down significantly for the sales year.

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By on June 18, 2015

Smug Motherfucker Donald Trump Douching It Up Like He Always Does

Republican presidential hopeful and billionaire Donald Trump wants to bring the pain via punitive tariffs to Ford for manufacturing vehicles in Mexico.

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By on May 13, 2015

Tesla Roadster In Colorado Showroom Circa August 2011

Shopping for a used PHEV or EV in Colorado? You still may be able to take a tax credit, thanks to the state’s structuring of its EV purchase tax credit.

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By on May 6, 2015

Rachel Notley, Alberta NDP Leader

Last night, it became official: Alberta, the largest producer of oil in Canada, ended the 40 year reign of the Progressive Conservatives in favor of the New Democratic Party (NDP), a democratic socialist party.

This could mean big changes in the energy sector, from oil patch to gas pump.

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By on February 3, 2015

Syracuse Road Construction - Utah DOT

President Barack Obama unveiled his annual budget Monday, which includes a proposition to tax corporate foreign earnings to fund the nation’s roads.

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By on December 23, 2014

2016-toyota-fuel-cell-vehicle-005-1

For the few who will be purchasing a Toyota Mirai in 2015, you may be out of luck as far as tax savings are concerned. For now, anyway.

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By on December 18, 2014

Mercedes-Montvale-hq-a

With Cadillac getting its inner hipster on in SoHo, and Subaru trekking four miles west to conduct its American hustle in Camden, N.J., Mercedes-Benz USA is feeling the urge to heed the song of the South and go with the wind.

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