Faulty GM, Tesla’s Not Blooming in the Garden State and the IRS Has a Great Idea

As if you didn’t know…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Worst. Day. Ever. GM CEO Mary Barra sat through a brutal (though well-deserved, some would argue) Senate panel grilling demanding to know how GM could be so blatantly – and perhaps, criminally – negligent. Even though Barra has only been at the helm of GM since January, she was the one to come under fire over faulty ignition switches that have been linked to 13 deaths, so far. A GM engineer said that he’d never signed off on changes for the switch, but wouldn’t ya know it…documents show that very same engineer actually did approve changes. “I don’t see this as anything but criminal,”  said Sen. Kelly Ayotte (R-N.H.), who as a former prosecutor knows a thing or two about crime. By the way, this engineer is still gainfully employed at the company. Actually, nobody has yet been fired over this.

New Jersey is pulling the plug…

Image courtesy of Vichaya Kiatying-Angsulee/FreeDigitalPhotos.net

Image courtesy of Vichaya Kiatying-Angsulee/FreeDigitalPhotos.net

Bridgegate isn’t Chris Chritie’s only problem these days. Tesla just filed notice today that it intends to sue the Garden State in what should prove to be a highly entertaining showdown. Tesla accuses the New Jersey Motor Vehicle Commission of not playing nice by pulling the plug on the luxury electric car company for daring to sell their cars directly to the buyer instead of through a car salesman. You can laugh now. Or if you live in New Jersey feel free to cry. According to Garden State regulations, new car dealers need to have a franchise agreement, which basically means if you want to buy a car you have to go through a car salesman to do it.  Members of the State Auto Dealers Association i.e. the car salesman are the ones who insisted the Motor Vehicle Commission take action against Tesla. And yes, the State Auto Dealers gave way more money to towards campaigns than Tesla did. Do we have an understanding now?

Taxing on the IRS…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

The tax code is too confusing? Imagine that. In one of the more anticlimactic statements of the century IRS Commissioner John Koskinen actually said what everybody else has been saying forever -that it would be a great idea to make the tax code simpler, especially for the alternative minimum tax and companies that do business abroad. Also, dealing with expenditures is like fighting a guerilla war with special interests.  Bet you never thought you’d hear guerilla and IRS in the same paragraph. Even though the filing deadline is still 13 days away, the IRS has received 73 million returns and issued $207 billion in refunds .Now go stimulate the economy with that refund of yours.

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