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Let's Cut Some Spending: Billions in federal funding lost on green energy company gone bankrupt

Remember the absolutely critical Omnibus spending bill Congress muscled through at the end of last year? It was 4,000 pages that no one read and cost taxpayers $1.7 trillion.

In our Let's Cut Some Spending series, ForAmerica will chronicle parts of the 2021 and 2022 spending bills from a variety of sources that you probably don't know about - programs, grants and spending of all kinds that should have never happened in the first place and many that are still happening.

Today’s offering: Billions lost on green energy company gone bankrupt!

Fox News reports:

Proterra, the electric bus company repeatedly celebrated by President Biden, filed for bankruptcy Monday, blaming various market "headwinds" for its financial struggles.
The California-based company filed a voluntary Chapter 11 reorganization under the U.S. Bankruptcy Code in the District of Delaware to "strengthen its financial position."
Proterra, meanwhile, has been boosted by the Biden administration on multiple occasions since it took office in January 2021.
On April 20, 2021, Biden hosted a virtual White House event to spotlight Proterra's business. During the event, Proterra executives took the president on a virtual tour of the company's South Carolina manufacturing facility where its buses are assembled…
Biden also touted his support for billions of dollars in federal funding to accelerate the adoption of zero-emission transit buses and school buses during the tour. He has set a goal for all buses made in America to be zero-emissions by 2030.

Billions gone, just like that.

How many billions? We don't know exactly. But Fox News' Jesse Watters reported that the belly-up company had access to $8 billion in federal tax dollars.

That's A LOT. A lot of OUR money.

And it seems they can't even track it.


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