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Reason
Reason
Joe Lancaster

The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist

After a marathon overnight session, the Senate passed the Inflation Reduction Act on a party-line vote Sunday. The bill apportions $740 billion for a grab bag of Democratic spending priorities in the name of combating inflation. One item on the list: tax credits for purchasing electric vehicles (EVs).

There's a problem: No cars exist that qualify for the credits.

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