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White House seeks to end subsidies for electric cars and renewable energy

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White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources.

Asked about plans after General Motors Co (GM.N) announced U.S. plant closings and layoffs last week, Kudlow pointed to the $2,500-to-$7,500 tax credit for consumers who buy plug-in electric vehicles, including those made by GM, under federal law.

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“As a matter of our policy, we want to end all of those subsidies,” Kudlow said. “And by the way, other subsidies that were imposed during the Obama administration, we are ending, whether it’s for renewables and so forth.”

Asked about a timeline, he said: “It’s just all going to end in the near future. I don’t know whether it will end in 2020 or 2021.”

The tax credits are capped by Congress at 200,000 vehicles per manufacturer, after which the subsidy phases out. GM has said it expects to hit the threshold by the end of 2018, which means under the current law, its tax credit scheme would end in 2020. Tesla Inc (TSLA.O) said in July it had hit the threshold. Other automakers may not hit the cap for several years.

Experts say the White House cannot change the cap unilaterally. U.S. President Donald Trump last week threatened to eliminate subsidies for GM in retaliation for the company’s decision.

Kudlow made clear any changes in subsidies would not just affect GM. “I think legally you just can’t,” he said.

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Democrats will take control of the U.S. House in January and are unlikely to agree to end subsidies for electric cars and many have been pushing for additional incentives.

Tesla and GM have lobbied Congress for months to lift the cap on electric vehicles or make other changes, but face an uphill battle make changes before the current Congress expires.

In October, Senator Dean Heller proposed lifting the current cap on electric vehicles eligible for tax credits but phase out the credit for the entire industry in 2022. Two other senators in September proposed lifting the per manufacturer credit and extending the benefit for 10 years.

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Also in October, Senator John Barrasso a Republican who chairs the Senate Environment and Public Works Committee, proposed legislation to end the EV tax credit entirely.

Reporting by Jeff Mason and David Shepardson; writing by Doina Chiacu; editing by Sonya Hepinstall and Lisa Shumaker

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Bill Barr denies giving the order to gas protesters for Trump photo-op

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America's top law enforcement office on Friday denied giving the highly-controversial order to gas protesters prior to a photo-op with President Donald Trump holding a Bible.

"Attorney General William Barr says law enforcement officers were already moving to push back protesters from a park in front of the White House when he arrived there Monday evening, and he says he did not give a command to disperse the crowd, though he supported the decision," The Associated Press reports.

"Barr’s comments in an interview with The Associated Press on Friday were his most detailed explanation yet of what unfolded outside the White House earlier this week. They come after the White House and others said repeatedly that the attorney general ordered officers to clear the park," the AP reported. "Shortly after officers aggressively pushed back demonstrators, President Donald Trump — accompanied by Barr, Pentagon leaders and other top advisers — walked through Lafayette Park to pose for a photo at a nearby church that had been damaged during the protests."

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Steve Schmidt breaks down why Joe Biden should be an ‘easy’ choice for moderate Republicans

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On MSNBC Friday, former GOP strategist Steve Schmidt criticized Sen. Lisa Murkowski's (R-AK) claim that she was struggling over whether to support the president — and laid out why she should unequivocally decide she doesn't.

"We saw the president direct violence against peaceful protesters this week, and seen the president lie to the country nearly 20,000 times," said Schmidt. "We've seen the president divide the country and incite violence. And we've seen a level of ineptitude in this historic pandemic that defied description, but included standing in front of the nation when tens of thousands are dead, talking about his ratings or telling the American people that it is a good idea to ingest or household disinfectants. We've seen a president preside over the shattering of an economy. We have seen a president race-bait, demean, disgrace his office, to desecrate the bonds of affection that exist between us as Americans."

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Jeb Bush wonders why Republicans are not ‘stepping up’ to condemn racism

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Former Gov. Jeb Bush (R-FL) wondered on Friday why more Republicans were not standing publicly against racism.

"I have said it before and I will say it again now: the GOP must not tolerate racism. Of any kind. At any time," his son, George P. Bush, the Texas Land Commissioner posted on Twitter.

He urged local GOP officials in Texas to resign for sharing racist posts on Facebook.

Jeb Bush praised the post.

"Proud of my son," he posted on Twitter.

"Are other Republican elected officials stepping up?" he wondered.

https://twitter.com/JebBush/status/1269057568015605761

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