erin slowey, your thoughts. guest: guest: guest: on the electric vehicle tax credit, there is a threshold that you need to be below. the ultrarich would not be able to benefit from the tax credit. and i know the biden administration and the irs has already pledged that they are not going to increase the audit rates for middle america and they are focusing on wealthy americans and large corporate complex partnerships. host: bill calling from wisconsin, you are on with erin slowey. caller: i wanted to clarify a couple of things about the tax credits. you talked about leasing and that you can get a tax credit on a lease. that is because this bill is largely a made in america bill as well as an energy bill. the loophole is commercial enterprises can get a tax credit for their cars. so they can lease a car made in japan and still get the tax credit and pass it on to you. after the last man, there is a tax credit for used electric vehicles. i think it is $2500. for people that want to buy a used vehicle, there is a li

erin slowey, your thoughts. guest: guest: guest: on the electric vehicle tax credit, there is a threshold that you need to be below. the ultrarich would not be able to benefit from the tax credit. >> they can lease a car made in japan and still pass the savings on to you. i thought that there is a tax credit for use electric vehicles, i think it is $2500, but i'm not sure. so people that want to buy a used vehicle, and there is a top limit on how much that vehicle can cost as well. i don't remember that at all. so thank you. >> ok bill, a couple points there. >> i'm not familiar with the used car, but in terms of the making in america, that is the midpoint of the law, and i think that over time we will see exactly how and what the exact benefits of the law will be. >> we will hear from jack calling from montana, on the republican line. good morning. >> yes, i just wondered how, with africa not selling us anymore lithium or anymore cobalt to make batteries is going to affect all this, and are we going to start mi

host: erin slowey is the corporate tax reporter for bloomberg taxes,gton journal" continues. host: call this week here on "washington journal," we will be taking a look at the inflation reduction act. it has been when years and's president biden sign that into law and we are looking at different provisions of the climate legislation this week and their effect on areas like clean energy, job creation, electric vehicles and agriculture. to kick us off, we are joined by robinson meyer, the founding executive editor of heat map news and is here to talk about the clean energy provisions in the inflation reduction act and more. york news outlet, what you focus on? guest: we are a new media company were founded earlier this year, focused on what we believe is the biggest story in the world, climate change and energy. we focus on this great decarbonization story that is happening across every country, across every continent and the political and cultural fallout and ecological fallout. you can find us at heat map. news. host: how are you guest: single investor we are suspicion based.

erin slowey, your thoughts.: guest: guest: on the electric vehicle tax credit, there is a threshold that you need to be below. the ultrarich would not be able to benefit from the tax credit. and i know the biden administration and the irs has already pledged that they are not going to increase the audit rates for middle america and they are focusing on wealthy americans and large corporate complex partnerships. host: bill calling from wisconsin, you are on with erin slowey. caller: i wanted to clarify a couple of things about the tax credits. you talked about leasing and that you can get a tax credit on a lease. that is because this bill is largely a made in america bill as well as an energy bill. the loophole is commercial enterprises can get a tax credit for their cars. so they can lease a car made in japan and still get the tax credit and pass it on to you. after the last man, there is a tax credit for used electric vehicles. i think it is $2500. for people that want to buy a used vehicle, there is a limit on