Wednesday, August 05, 2015

Coming in 2016...HillaryCar

Hillary Car is the new government mandated program in which everyone must purchase a car. Too bad if you walk to work or take public transportation. It is your responsibility to help those less fortunate and pay your fair share. Failure to comply with your individual responsibility will result in having to pay the individual responsibility payment to the IRS. Employers with 50 or more employees should also know that they will have to provide Hillary-Car to each of their employees and must pay a large portion of the cost. Failure to participate will result in employers paying an Employer Shared Responsibility payment. The law will be written to protect everyone from high costs of cars and to make sure that everyone pays their fair share of the costs associated with being a driver.

All vehicles must have these ten essential features:
1.       Anti-lock breaks
2.       Seat warmers
3.       Moonroof
4.       Halogen lights
5.       Navigation
6.       Remote keyless entry
7.       Power Windows
8.       Roadside assistance
9.       Cigarette lighters (for Obama)
10.     Rearview Cameras

In addition to these 10 features all vehicles must now fall within four narrow bands of options (called Actuarial Vehicle bands) relating to vehicle model. Those who are under the age of 30 can also purchase a stripped down model. The five levels are:  Hydrogen, Oxygen, Carbon, Lead, and Sulphur.

No matter which plan you choose oil changes, tire rotations, replacement wiper blades and other government approved preventive services are free. Also free are other preventive maintenance services for when your car hits mileage milestones. If you are fortunate enough to be female you get free gas as well. Sorry men, you have to pay for it.
Cars will be purchased through a new online Marketplace. Instead of working with or the government will be creating a whole new site that will make buying a car as easy as buying an insurance policy!
The good news for consumers is if your income is under 400% of the Federal Poverty Level (FPL) you will qualify for a government subsidy to help pay the cost of your car. Those who are fortunate enough to be below 138% of the FPL may be entitled to Medi-Car. In this case you will be given a free BMW. Never mind the fact that it might be impossible to find a certified dealer to service your vehicle.
To help pay for this new program several new taxes are being imposed on various industries. There is a 2.3% tax on oil companies, a 2.7% tax on those dealerships who sell you the car, and a new 10% tax on car washes and detail shops. Also, beginning in 2020 any car purchased that is too high in price (referred to as the Cleveland Clinic Tax) will result in your dealership paying a 40% excise tax.
HillaryCar believes in competition. Creating this new marketplace will enable existing car manufacturers with an opportunity to grow their business through competitive pricing while also limiting the amount they can keep in administrative costs and profits. Car manufacturers will now be required to retain no more than 20% of the price of their vehicle sales. HillaryCar will also introduce new Car-ops – government funded non-profit car manufacturers – to compete against existing manufacturers.
Based on existing makes and models we have determined that the following vehicles will be available under the law:

Unfortunately several models didn't meet the narrow Actuarial Vehicle band values. These included the Lexus GS, the Cadillac SRX, and the Chrysler 200. You will also note that SUV’s are no longer an option. This is because they don’t meet the required emission standards set forth in the law (sorry Jeep!). In addition, Buick and Lincoln declined to participate in the vehicle marketplace.
HillaryCar will be rolled out to congress on December 24th at 11:30pm in 2016. There will be no debate and the public will have 72 hours to read the 2000 page bill. Not to worry though as most of the language will be very vague and rule making will be left up to the Department of Transportation and Department of Energy.
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