Wednesday, June 21, 2006

Congress letting tax credits for hybrid cars expire

Thanks to a protective and short-sighted U.S. Congress, tax credits for Toyota hybrids are running out. While the President and some members of Congress have suggested extending this credit, Congress doesn't seem very interested at this point. Check out the NYTimes article, U.S. Hybrids Get More Miles Per Congress on this issue. Why isn't Congress acting? Congress constantly harps about high gas prices and the threat of foreign oil dependency, yet they do so little - other than TALK, TALK, TALK. I say fighting oil addiction is more important than protecting the U.S. auto industry if they can't or won't compete. Let's extend the tax credits for hybrid cars! (MORE)

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