Government Support for Golf Cart, What will this Ended in?

According to President Obama's stimulus plan, Uncle Sam is now paying Americans to buy that great necessity of modern life, the golf cart

. Is it good or bad? Well, we will see.

From the statistics, the federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart. Even in states that don't have their own tax rebate plans, the federal credit is generous enough to pay for half or even two-thirds of the average sticker price of a cart, which is typically in the range of $8,000 to $10,000. Therefore, it is almost free for one to purchase a golf cart.

Another reason for the boom of golf cart is that it is road worthy, which means you could drive golf cart on road. Of course, for this purpose, you need to add some safety features on you car, such as side and rearview mirrors and three-point seat belts. As a typical low speed vehicle, the cart can generously go 15 to 25 miles per hour.

Actually, nowadays, the sales of these carts have been soaring. Although we have the world's famous golf cart, the competition is still hot, there are several abroad players begin to sense the potential of America golf cart market, one of them is Marshell, a Chinese electric vehicle manufacture.

The IRS has ruled that there's no limit to how many electric cars an individual can buy, so some enterprising profiteers are stocking up on multiple carts while the federal credit lasts, in order to resell them at a profit later.

This golf-cart fiasco perfectly illustrates tax policy in the age of Obama. Democrats then insist that to pay for these absurdities they have no choice but to raise tax rates on other thingslike work and investmentthat aren't politically in vogue. Some critics are so radical that they predicted that if this keeps up, it'll soon make more sense to retire and play golf than work for living. However, although it is a bit exaggerated, it made some sense.

In my view, government support is important, however, we should bear the direction and the expect result in mind. It is obviously that we USneed to support electric vehicle, so do golf cart, the question is how.

Government Support for Golf Cart, What will this Ended in?

By: golfcart

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