Locator: 48616LEGO.
Remember this story from September 7, 2016: in The Washington Post, why Lego wanted people to stop buying its toys. They simply could not keep up.
Well, Trump fixed that.
Link here: https://www.foxbusiness.com/retail/lego-invest-366m-2-million-square-foot-virginia-warehouse-exciting-new-chapter.
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Meanwhile
EVs: the end of tax credits.
The headline is quite misleading: won't amount to a hill of beans for most of us -- except another negative headline for EVs.
Some details of President Donald Trump’s so-called big, beautiful tax bill are out. Now, automotive investors have two matters to consider: the possibility that electric-vehicle tax credits could vanish, and the potential for new a tax break on cars assembled in the U.S.
On Tuesday, the House Ways and Means Committee, which drafts tax legislation, is set to release so-called markup details of a budget reconciliation bill that the president calls his “Big Beautiful Bill.” It’s an early look into the battle to pass legislation that could extend the president’s 2017 tax cuts, and even add to them.
A lot is expected to change, but some details have emerged.
Investors should brace for the repeal of the EV purchase tax credits passed as part of former President Joe Biden’s Inflation Reduction Act. “Consumer credits will be repealed almost immediately, while business tax credits will be phased out,” wrote Capital Alpha Partners analyst James Lucier in a Monday report, citing the Congressional Quarterly.
Right now, consumers can claim a deduction worth up to $7,500 for qualifying EV purchases. Businesses can claim the deduction, too, which has created a leasing loophole for EV purchases. Any EV, regardless of make, country of origin, cost, or buyers’ income, can get the $7,500 credit if leased.
It looks like a commercial phaseout, rather than a quicker end to the credit, might be too much to hope for.
The early markup from the committee kills the commercial vehicle credit at the end of 2025, while contracts for vehicle purchases that were signed before Monday can still claim the credit even if the vehicles are delivered in subsequent years.
A gradual phaseout for the commercial credit would be a relative positive for the EV industry, including Tesla.
Much more at the link.
