Extending the Electric Vehicle Tax Credit Undermines Tax Reform

Reason.com -

Reason.com—ax complexity is a breeding ground for government corruption. It's much easier to add new corporate handouts to a tax code that's already overrun with favoritism, and it's simpler for politicians to justify adding narrowly targeted benefits when the practice is already common. Businesses, in turn, have an incentive to spend more time and resources lobbying the government than satisfying customers. That's why simplification of the tax code was one of the objectives of tax reform. The Tax Cuts and...

GM wants a national tax credit program for electric vehicles. A year since its pledge to go all-electric, General Motors wants its counterparts to follow suit. The automaker is calling on the US government to start a nationwide zero emissions vehicle (NZEV) program. Its ambitious plan -- submitted to the the En...