BIDEN TO CONTROL FREIGHT TRUCK EMISSIONS
By: Derek Varsalona
Don’t get me wrong. I do believe that we should be protecting the environment. But not at the cost of business. President Biden is going to kill the industry and lead to more inflation by controlling the emissions the trade industry and freight industry can expel. President Biden is trying to control the pollution that the freight industry is going to produce.
President Biden is right that the freight industry is vital to our economic recovery. However, any government regulation on this industry is going to stifle the industry and lead to more inflation with more government regulations on the employer.
The freight industry is a $49 Billion dollar industry. Any government regulation is going to kill free market capitalism and is going to kill the industry. If you think inflation is bad now inflation is going to become worse when the government is involved with controlling the emissions a vehicle can produce.
We should strive for zero-emissions vehicles. But at the end of the day, the auto industry like all industries needs to make a profit for they will go out of business. The best people who know how to make a profit with clean energy are the CEOS and workers in that industry and not the government.
President Biden is bribing cities to go with clean energy. He is playing favorites. President Biden is giving $1 billion dollars away in a clean energy initiative. But what if the cities think clean energy is outside the cities' economic interests? These cities are going to be punished with higher taxes while the clean energy cities are going to get tax breaks. Not only is that not fair, but doing such things is unconstitutional give one city tax breaks while giving other cities higher taxes as punishment.
The best plan of action would be to let the private industry and banks apply for loans to make the industry adjust. This would give them economic security if they come up short in the economics and then the private banks will profit by collecting interest on the debt and the loan if that needs to be paid in full.
The best way for the economy to thrive is for the government to get out of the way and let the private industry take control. As always comments accepted.
Biden to control Emissions
Image: TheHill.com
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Source: President Joseph R. Biden. “ Fact Sheet: Biden-Harris Administration Sets First Ever National Goal of Zero Emissions Freight sector, Announces Nearly $1.5 Billion to Support Transition to Zero Emissions Heavy Duty Vehicles.” whitehouse.gov Washington, DC: April 24, 2024.
https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/24/fact-sheet-biden-harris-administration-sets-first-ever-national-goal-of-zero-emissions-freight-sector-announces-nearly-1-5-billion-to-support-transition-to-zero-emission-heavy-duty-vehicles/
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