You’ve all heard by now thatVW figured out a way to trick the government agenciesthat monitor vehicle emissions in order to get better environmental ratings on its line of “clean diesel” cars.
Well, here’s a new wrinkle: how do taxpayers get paid back on the $50 million in “clean energy” tax credits that buyers received to help purchase the fraudulent automobiles?
More from the Detroit News:
The Senate Finance Committee on Tuesday said it was opening an investigation into Volkswagen AGs use of about $50 million in tax credits for diesel cars that the automaker has now acknowledged have software that evades emissions rules.
In a letter to VW CEO Matthias Muller and VWs top U.S. executive, Michael Horn, Senate Finance Chairman Orrin Hatch, R-Utah, and the ranking Democrat, Ron Wyden of Oregon, want VW to answer questions about tax credits for cars that are among the 482,000 diesel vehicles that had defeat devices on them allowing them to emit up to 40 times allowable pollution in real-world driving.
Keep in mind that these tax credit were instrumental in selling the cars:
Even worse, the liars at VW wanted team Obama to allow credits designated specifically for electric cars to go toward the purchase of the fake-clean diesels:
Now the question is, “who pays back the government?” Will it be the buyers of the car, which would mean refiling tax returnsor will VW pay?
And another problem is the reduced value of the cars people already own:
VW is taking care of their dealers, but not American who bought the cars or U.S. taxpayers who financed them:
Not right, VW.