The President spoke at the Renewable Fuels Association meeting yesterday, an appearance that would have been inconceivable in 2002. He asked Congress to extend the tax credit for all hybrid vehicles purchases this year.
If Congress agrees, which is highly likely in today's gas "climate," consumers looking to purchase Toyota vehicles later this year would get the same $3,150 tax credit that they now enjoy.
The tax credit was scheduled to end 3 months after the quarter within which Toyota sold 60,000 vehicles for the year.
I thought phasing out the credit was biased and a bad idea, so on this rare occasion, I'm in agreement with the Prez.
