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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.

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

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.

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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.

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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New testimony adds 2 stunning — and previously unknown — details about the Ukraine extortion

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New testimony released Monday from the House Intelligence Committee’s investigation of the Ukraine scandal included at least two new stunning details about the quid pro quo scheme at the heart of the matter.

Overall, the transcripts for depositions of Catherine Croft and Christopher Anderson, who were advisers to U.S. envoy Kurt Volker, built on the story of that we already know: that President Donald Trump pushed a shadow foreign policy to pressure Ukraine into investigating his political opponents, a scheme that involved using his office and military aid as leverage over the country in opposition to the official policy.

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Trump blasted for his ‘Endorsement of Doom’ after Sean Spicer loses on ‘Dancing with the Stars’

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Team Trump had gone all in urging supporters to vote for former White House press secretary Sean Spicer on the game show "Dancing with the Stars."

Votes had been urged by RNC officials and Trump himself had urged his 66 million Twitter followers to vote for Spicer.

Despite the full heft of the Trump campaign, Spicer lost on Monday's show.

Trump deleted his failed tweet urging votes for Spicer -- and instead said it was a "great try" by his former advisor.

Looks like this endorsement was as successful as your last one!

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‘He’s misunderstood’: Nikki Haley tells Fox News how Trump is actually a really good listener

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Former Ambassador to the U.N. Nikki Haley defended President Donald Trump during a Monday appearance with Fox News personality Sean Hannity.

Hannity asked the former South Carolina governor if Trump was "misunderstood."

"I do think he’s misunderstood," Haley replied.

"I can tell you, from the first day to the last day that I worked for the president, he always listened, he was always conscious of hearing other voices, allowing people to debate out the issues, and then he made his decision," Haley claimed.

She argued that, "I saw a president that was very thoughtful, looked at all of the issues, made decisions, and it was a pleasure and honor to work with him."

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