By Steven Symes 
Bill Ford, Executive Chair for Ford, warned recently that if the Congress axes the federal green manufacturing tax credit, disaster will ensue. What he and others have argued is that “green” projects are a major stimulus to the American economy, so pulling support for them will in fact cause problems across the board.
Woman cited for riding a motorcycle with her dog.
Ford made his case while speaking at the Mackinac Policy Conference on May 29, warning that the automaker’s EV battery plant planned for Marshall, Michigan might not happen. Considering the project would cost $3.5 billion and employ 1,700 people, that’s a bit of a hit to Michigan’s economy.
But Ford openly admits the only way the battery plant can be viable is with manufacturing tax credits which came into existence under Joe Biden. Congress has already signaled such things will be eliminated soon.
“We made a certain investment based upon a policy that was in place. It’s not fair to change policies after all the expenditure has been made,” Ford said.
Honestly, we wonder if workers how have been laid off by Ford in the past would agree with the “not fair” angle Bill Ford takes. After all, when the little guy gets thrown out on the curb, that’s just business. But when a big corporation doesn’t get what it wants, executives throw hissy fits.
Maybe Ford needs to realize when your business plan hinges on something that can be taken away by Congress after an election, perhaps you should remain a little flexible. Having a contingency plan in case the ground does move underneath you would be even smarter.
What really doesn’t make sense is why Bill Ford wants the company to lean into EV production when the market is moving in a different direction. Then he wants taxpayers to help bankroll it.
Source: CBT News
Image via Ford