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‘Can this bill’: Elon Musk tore up Biden’s Build Back Better bill in front of a crowd of CEOs

If it passes, Joe Biden’s Better Rebuilding Act could be transform government investment in climate crisis ever. But according to Elon Musk, perhaps the industry mogul has invested the most – literally and figuratively – in a green future, which may not be a good thing.

Musk told a meeting of CEOs on Monday that he would repeal the bill in its entirety.

“I would say this bill can’t, don’t pass it. That’s my recommendation,” he told an audience at The Wall Street JournalTesla’s annual CEO board on Monday, said that the Tesla team wasn’t even really paying attention to the Washington talks.

“If this bill happens or doesn’t happen, we really don’t think about it,” he said. “Honestly, it might have been better if the bill didn’t go through.”

The colorful CEO said he took issue with how the $2 trillion spending package would “crazy” increase the federal budget deficit, and would give the government incentives to some certain businesses, including incentives up to $12,500 for electric vehicle buyers.

He also introduced the bipartisan infrastructure bill passed last month, which includes 7.5 billion dollars to build electric vehicle charging infrastructure.

“Do we need help with gas stations? No,” he told a crowd via video call from a Tesla factory in Texas. “No need to support the charging network,” he added, drawing a somewhat surprised laugh from the audience.

Climate experts and industry analyst also celebrated the BBB — along with incentives for electric cars, investing billions of dollars in combating environmental racism, awarding climate bloc grants, reducing pollution in ports and funding the Civil Climate Corps—as an important step meet the United States’ international commitments to maintaining a livable climate amid global warming.

“These are the largest pieces of climate policy legislation the United States has seen in a decade,” said Katharine Hayhoe, a climate researcher and principal scientist at The Nature Conservancy. told CNBC in November. “The faster we can act, the better, because we are already late to the table. The time for half the measure is 30 years ago. “

President Biden celebrated and Musk criticized that the BBB would add more tax incentives to the purchase of electric cars made with union labor.

“With this infrastructure law, along with my Build Back Better plan, we will start manufacturing and recycling new batteries, materials and parts, boosting clean vehicle production with new loans and credits.” new taxes,” Biden said at an event in Detroit last month celebrating the production of the electric Hummer SUV.

“Create new buying incentives for consumers to buy clean vehicles from US manufacturing alliances like the electric Hummer.”

Musk has frequently criticized the president for including such pro-union interests in the bill, calling him a “bullshit puppet” of the United Auto workers, a union he has called “fight for the right to work.” Stealing workers’ money!”

Tesla’s workforce is not union.

UAW has applied constant complaints with the National Labor Relations Board on behalf of Tesla workers in 2017, alleging that they were fired for their pro-union views, allegations the company deems unfounded.

More recently, NLRB The company ruled that the company violated the labor law when it fired a union activist and when Musk tweeted doubting the value of co-operation.

The billionaire CEO also revealed that the White House did not invite Tesla, America’s largest electric vehicle maker, to an event in August celebrating America’s electric vehicles.

“Biden hosted this EV summit – didn’t invite Tesla. Invited GM, Ford, Chrysler and UAW [United Auto Workers Union],” he said at the time. “An EV summit at the White House. Not one mentions Tesla, and praises GM and Ford for leading the EV revolution.”

https://www.independent.co.uk/news/world/americas/us-politics/elon-musk-joe-biden-tesla-b1971020.html ‘Can this bill’: Elon Musk tore up Biden’s Build Back Better bill in front of a crowd of CEOs

JACLYN DIAZ

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