Public Domain/White House photo
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: Millions in 'green energy' tax incentives to a company tied to the Chinese Communist Party.
The Daily Caller reports:
JA Solar, a Chinese green energy giant whose chairman is tied to the Chinese Communist Party (CCP), has leased a plot of land in Phoenix, Arizona to construct a $60 million solar panel factory that is poised to benefit from huge green energy tax incentives included in the Inflation Reduction Act (IRA).
Jin Baofang, chairman and CEO of the Bejing-based company, said that he had been a CCP member for 40 years during a 2020 interview with the Chinese state-run newspaper “The Paper.” The JA Solar factory, which could take advantage of the green energy tax credits included in the Inflation Reduction Act (IRA), will create 600 jobs and use automated assembly lines to manufacture 2 gigawatts’ worth of solar panels annually once it becomes fully operational, according to a Tuesday Arizona Commerce Authority press release…
The IRA, which President Joe Biden signed into law in August, offers up $369 billion in tax credits for domestic solar, wind and other renewable energy projects that begin construction before Dec. 31, 2025…
The so-called 'Inflation Reduction Act' had it's one-year birthday this week.
It has not reduced inflation. At all. In fact, it's way higher than a year ago.
It was never intended to reduce inflation. It was a climate change bill, as even the White House now admits.
Who has the IRA benefitted? The Chinese Communist Party. Apparently with major tax credits, among other things. We are spending billions needlessly while taxing our citizens to death and... giving China-based companies major tax credits?