They've already started backing away from it, citing that Americans that make under $400,000 will be better off due to additional tax benefits outweigh the increase in taxes (as there is an increase in nearly every tax bracket). This line is bullshit as the tax benefits based on spending close to if not more than $100,000 on electrical and energy efficiency upgrades to your house or EV purchases. The "No one making under $400,000 will see an increase in taxes" is a lie and they are trying to hide behind "well for most people its a net benefit"
They've already started backing away from it, citing that Americans that make under $400,000 will be better off due to additional tax benefits outweigh the increase in taxes (as there is an increase in nearly every tax bracket). This line is bullshit as the tax benefits based on spending close to if not more than $100,000 on electrical and energy efficiency upgrades to your house or EV purchases. The "No one making under $400,000 will see an increase in taxes" is a lie and they are trying to hide behind "well for most people its a net benefit"
From the website they are shilling (https://www.rewiringamerica.org/app/ira-calculator) I got:
*Rooftop Solar Installation (30%) *Geothermal Heating Installation (30%) *Battery Storage Installation (30%) *Community Solar Subscription (30%) *New EV Purchase ($7500) *Used EV Purchase ($4000) *And Various Home Efficiency upgrades (Combined $14000 Upfront Discount whatever that means)