Another negative effect of the Republican Murder Bill that got no attention:
Car buyers will now be allowed write off up to $10,000 per year in interest they've paid on auto loans. Because subsidizing car- (or SUV-, or light truck-) driving is what we really need to be doing, right now! Right!
Bike commuters, on the other hand, had their $240-per-year benefit cut.
The new deduction for car loans is estimated to cost $57 billion over 10 years (2025–2034), which is about three times as much spent on bicycle and pedestrian infrastructure by the federal government in the last 35 years.
This, of course, is heaped on top of the cuts to clean energy and increased subsidies to oil and coal. COAL!
A filing cabinet full of stuff I have stumbled across, but can no longer keep in hard copy.
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