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CARS: U.S. taxpayers subsidizing pricey Volt

Re: “As gas prices rise, the Volt’s looking good” (editorial, 8-14).

Published: 08/19/09 12:05 am | Updated: 08/19/09 8:56 am
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Re: “As gas prices rise, the Volt’s looking good” (editorial, 8-14).

The editorial should have included the net dollar loss each Volt will have for GM. Even with a price tag of $40,000, this is a loss for Government Motors. Taxpayers have given GM $70 billion, and it would have been great to share the total cost to the taxpayers for each sale over and above the $7,500 tax credit we give to the buyers.

At $40,000, I cannot afford a Volt. But each time one is sold, I make a payment through my taxes.

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