Latest budget makes interest on American made cars fully deductible.

I am not saying this is good thinking-but here is the rationale for what your are seeing-
"I'm am never ever going to be able to afford a home, because the prices are through the roof. In some cities you can't qualify for an average home if you make a $150,000/year. So-I might as well drive a nice vehicle. That's my splurge."
The guys on here who say-"just get a second job" to afford a house are beyond delusional.
Third, not second...
 
This may have some marginal impact on US vehicle production, although the devil lies in the details, as always.
 
"I'm am never ever going to be able to afford a home, because the prices are through the roof. In some cities you can't qualify for an average home if you make a $150,000/year. So-I might as well drive a nice vehicle. That's my splurge"
Well yeah, with that attitude they'll for sure never own a house. I'm not saying get a second job, but perhaps they should consider relocating somewhere more affordable if they truly won't ever be able to buy where they are. I'm going to very safety assume though, based on my observations, that in the majority of cases it's not an income problem but a spending problem potentially combined with an unrealistic idea of what a first home "must" be. I never hear anyone talking about "buying a starter home" which is how most people enter the housing market.
 
Well yeah, with that attitude they'll for sure never own a house. I'm not saying get a second job, but perhaps they should consider relocating somewhere more affordable if they truly won't ever be able to buy where they are. I'm going to very safety assume though, based on my observations, that in the majority of cases it's not an income problem but a spending problem potentially combined with an unrealistic idea of what a first home "must" be. I never hear anyone talking about "buying a starter home" which is how most people enter the housing market.

Any place any body wants to live is expensive. Expensive houses generally correlate to the job markets. It's like this-many of us can't relate to the current situation-and your post proves it. Don't mean that in a disrespectful manner. The truth is most of issue on his board are in a far different place than the generations coming up-the difference is that I realize it.
Talk about challenges facing them......
 
Auto braking? Who asked for this? Why can't we be asked to pay attention to the road? Yet once they come up with a system it'll be scalable across the fleet-- it's a software thing on top of a couple cameras, radar sensors, and existing ABS module.
If on average auto braking save 2 fender bender over 20 years, it probably save the extra cost from insurance claim already. Which indirectly save the car owners that much on average over 20 years.

Paint job and bondo hours aren't cheap.
 
The question that come to mind is how is domestic auto manufacturing compete with nations that have different rules?

If the US has a regulatory manufacturing rule, environment rule, etc--- then the US should only allow importation of products that are manufactured under the same circumstances.

US should not put a domestic regulation in place for manufacturing, unless requiring imported products be manufactured under the same regulations.

What's good for the goose is good for the gander.


I agree we shouldn't import anything that doesn't meet our standards - which just went down.

It's not going to be too hard for anybody in the business to make a car that will be within US standards with CARB killed off and regulatory loosened.

Likewise we should expect countries with tighter than the new US standards to completely close off US product for import as simply being non compliant on their end.
 
If on average auto braking save 2 fender bender over 20 years, it probably save the extra cost from insurance claim already. Which indirectly save the car owners that much on average over 20 years.

Paint job and bondo hours aren't cheap.
If you have stop and go traffic in a traffic jam, ten cars, five of which have auto braking, those cars are going to stop statistically better and get rear ended by cars without auto-braking. So the insurance will go up on those guys because they're automatically at fault. So it's an arms race. 😁
 
The NEW standard deduction is well above our itemized, especially with the senior boost.

YES. I've no need to yank out more than $150K (well less plus income) and RMD is moving out.

I only have one word for this: WINNING.
Most of the federal budget goes to seniors - Medicare, social security being biggest. Seniors hold the vast majority of all wealth. So they definitely deserve a tax break.

The positive news is the U.S. dollar will fail faster so we can get on with it.

Not directed at you. Take any break there stupid enough to give.

You know why they called the bill BBB? Because that will be our credit rating shortly 🤣
 
I agree we shouldn't import anything that doesn't meet our standards - which just went down.

It's not going to be too hard for anybody in the business to make a car that will be within US standards with CARB killed off and regulatory loosened.

Likewise we should expect countries with tighter than the new US standards to completely close off US product for import as simply being non compliant on their end.
My post had nothing to do with meeting standards whatsoever.
 
My post had nothing to do with meeting standards whatsoever.


"If the US has a regulatory manufacturing rule, environment rule, etc--- then the US should only allow importation of products that are manufactured under the same circumstances."

I thought this part meant standards.
 
Most of the federal budget goes to seniors - Medicare, social security being biggest. Seniors hold the vast majority of all wealth. So they definitely deserve a tax break.

The positive news is the U.S. dollar will fail faster so we can get on with it.

Not directed at you. Take any break there stupid enough to give.

You know why they called the bill BBB? Because that will be our credit rating shortly 🤣
Is this the part when boomer guy gets to tell you how much taxes I’ve paid in my lifetime?

All kidding aside and you should know. Have a real decent paying job and run two small businesses. I paid out my ass. Self employed tax is one of the double gougers inherent in the code.

We still pay but a little less. Maybe
 
Is this the part when boomer guy gets to tell you how much taxes I’ve paid in my lifetime?

All kidding aside and you should know. Have a real decent paying job and run two small businesses. I paid out my ass. Self employed tax is one of the double gougers inherent in the code.

We still pay but a little less. Maybe

This is the part where guys that screamed about certain subsidies, breaks or accommodations, are def mute on other subsidies, breaks or accommodations.
 
Is this the part when boomer guy gets to tell you how much taxes I’ve paid in my lifetime?

All kidding aside and you should know. Have a real decent paying job and run two small businesses. I paid out my ass. Self employed tax is one of the double gougers inherent in the code.

We still pay but a little less. Maybe
Possibly all true but the fact remains that the entire time we went from virtually no national debt to insurmountable national debt, the largest voting block is now the ones with all the money and wealth. But they now get an additional tax break for being old.

Just pointing it out. I had no illusion it wouldn’t be a popular fact around here. True nonetheless.
 
Possibly all true but the fact remains that the entire time we went from virtually no national debt to insurmountable national debt, the largest voting block is now the ones with all the money and wealth. But they now get an additional tax break for being old.

Just pointing it out. I had no illusion it wouldn’t be a popular fact around here. True nonetheless.
Another problem with a nationalized support program. Collected as a tax forked out give or take then taxed again.

Wait until you retire!
 
Another problem with a nationalized support program. Collected as a tax forked out give or take then taxed again.

Wait until you retire!
Doubtful I will ever be able to afford to.

Personally I think tax on labor is fundamentally wrong. It’s a like - kind profitless exchange and hence should not be taxed at all. Our founders agree.

They also thought big central government was a bad idea yet here we are.
 
"If the US has a regulatory manufacturing rule, environment rule, etc--- then the US should only allow importation of products that are manufactured under the same circumstances."

I thought this part meant standards.
One example of what my post implies: if the US bans coal to generate electricity for domestic manufacturing, we MUST prohibit the importation of all manufactured goods from any nation that uses coal to generate electricity for manufacturing.
 
One example of what my post implies: if the US bans coal to generate electricity for domestic manufacturing, we MUST prohibit the importation of all manufactured goods from any nation that uses coal to generate electricity for manufacturing.

Sure - an even playing works for me. How does that play out globally?

Pretty easy to thump China with these rules. What if the US is the offender in the deal?

If trading reciprocally with say Europe - countries that are cleaner than we are probably wouldn't buy our products.
 
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