Quote:
Originally Posted by slazLA
I know I'm preaching to the choir, but this was seriously one of the most rushed processes I can remember. In the IRS's defense, they were put in a bind here by the language Congress approved. Why in the world did Congress need to say "written binding agreement" and not just "written agreement" or "ordered before bill enactment date" in the Transition Rule. The language was not well thought out (or maybe it was if the their goal was to limit number of the people getting the credit…).
So the IRS is in a bind trying to enforce the language of the bill Congress passed, but I agree issuing guidance when it was too late to do anything about it is infuriating.
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Manchin has never been a fan of EV rebates so I am sure his lawyers conjured the language.