Support for Auto Manufacturing and Changes to Emissions Standards
This act introduces tax deductions for US-based automobile manufacturers meeting specific employment and employee benefit criteria. Concurrently, it repeals existing vehicle emissions and fuel economy standards, replacing them with new, more flexible ones that consider market realities. The aim is to bolster the domestic automotive industry and potentially influence vehicle availability and pricing.
Key points
US automobile manufacturers can receive a 200% tax deduction for eligible wages paid to workers, provided they meet requirements for US production, employee health and retirement benefits, and labor neutrality.
Existing multi-pollutant emissions and fuel economy standards for light-duty, medium-duty, and heavy-duty vehicles are repealed, potentially impacting vehicle types available and their environmental footprint.
New, more flexible emissions and fuel economy standards will be established, based on economic practicability and achievable technological advancements, considering impacts on manufacturing jobs.
All existing state-specific vehicle emissions waivers are eliminated, ensuring uniform federal standards across all states.
Introduced
Citizen Poll