Experts warn that Joe Biden’s green tax credit plan is a GIFT TO CHINA – at the expense of U.S. manufacturing

03/01/2024 // Ava Grace

 

Experts have warned that a "naive" plan by U.S. President Joe Biden to allegedly boost the American renewables industry is actually a gift to China.

According to the Daily Mail, the plan costing $1.2 trillion in taxpayer money was designed to improve American competitiveness in sectors that China currently dominates, including solar panels and electric vehicles. But Beijing could plunder more than $100 billion from U.S. taxpayers in the form of uncapped tax credits – which it has already done by means of a dozen green energy projects. Thus, experts have warned that the scheme could allow Chinese firms to "dominate" the U.S. market and "extend their global monopoly."

One such expert is Jeff Ferry, chief economist at the nonprofit Coalition for a Prosperous America (CPA). He told the Mail that the Biden administration had left the green subsidies open to international firms because it was "naive." According to Ferry, this was the "political equivalent [of] people who wear flowers in their hair."

"They're going to get f****d over. In the real world, it's nasty and competitive," the CPA chief economist said. "The bottom line is that if you take markets like electric vehicle (EV) batteries or solar cells where China already has a dominant global position, and you allow its firms to own facilities in the U.S. and access the U.S. taxpayer –you're allowing them to extend their global monopoly."

"Chinese companies have the ability to drive prices down and crowd out every American company. There's a very real chance that 80 percent of the solar manufacturing capacity in this country in five to ten years will be Chinese-owned, unless they are excluded from this scheme."

Meanwhile, nonpartisan business group E2 shared exclusive data with the Mail, revealing an alarming fact. According to this data, Beijing is already linked to a dozen projects in the U.S. worth more than $10 billion in investments that could be eligible for taxpayer funds.

This tax credit scheme for green projects, amounting to billions of dollars, was unlocked by the Inflation Reduction Act of 2022. However, concerns have been raised over the spiraling costs of the scheme and the fact that Chinese firms can access it.

Chinese entry into U.S. green market poses NATIONAL SECURITY concerns

National security concerns also take center stage in the opposition to the green tax credit plan pushed by Biden. Thankfully, Americans are waking up to the dangers. (Related: GOP senator warns Biden admin to take Chinese purchases of U.S. farmland seriously.)

In one instance, residents of Green Charter Township in Michigan voiced their opposition to a plan by the Chinese EV battery maker Gotion to build a $2.4 billion EV battery plant there. The entire township's board was even overthrown by the displeased residents after the area's authorities backed the proposal.

"The economic justification for so many of these plants is, "Well, China's dominating the EV manufacturing market [so] we need to bring this manufacturing domestically,'" said Marjorie Steele, whose family's homestead is located about five miles from the proposed Gotion plant.

Steele's property isn't the only one close to the Gotion facility, however. Critics pointed to the proximity of the Green Charter battery plant to a U.S. military camp. Thus, industry experts and Republicans are now calling on Biden to bar Beijing from swallowing billions of dollars of U.S. taxpayer money and focus support exclusively on American firms.

GOP lawmakers have led the way, with Florida Sen. Marco Rubio and West Virginia Sen. Carol Miller introducing a bill aimed at banning Chinese firms from accessing U.S. green energy subsidies. But until that happens, the door remains open for Chinese companies to infiltrate and eventually dominate the U.S. renewables market.

Watch Justin Barclay explain how a local newspaper could make millions by selling acres of land it owns to Gotion, the company that would build an EV battery plant in Michigan.

Video

This video is from the Justin Barclay channel on Brighteon.com.

More related stories:

House Republicans push back against Biden administration’s GREEN TYRANNY.

Climate tyranny a subversion tactic by communist China to get America “hooked on green technology”.

“Green” climate agenda a TROJAN HORSE to destroy the food supply, force everyone to eat BUGS and live under TYRANNY.

Sources include:

DailyMail.co.uk

Brighteon.com

Source:  https://www.naturalnews.com/2024-03-01-biden-green-tax-credit-plan-gift-china.html

Blogger's note:  Xi has a lot on Old Joe, and probably Obama too.

 

 

Joe Biden Creates Federal Anti-Gun Office To Bypass The Constitution

Having set the country and the world on fire, Joe Biden is training his flamethrower on our Constitutional rights. The illegitimate president is creating the first ever federal office of shitting on the 2nd Amendment through unconstitutional gun control. Maybe he figured that if the courts keep shooting him down, a federal office can carry out his anti-gun agenda.

Politico reports:

President Joe Biden will announce the creation of the first-ever federal office of gun violence prevention on Friday, fulfilling a key demand of gun safety activists as legislation remains stalled in Congress, according to two people with direct knowledge of the White House’s plans.

Stefanie Feldman, a longtime Biden aide who previously worked on the Domestic Policy Council, will play a leading role, the people said.

Greg Jackson, executive director of the Community Justice Action Fund, and Rob Wilcox, the senior director for federal government affairs at Everytown for Gun Safety, are expected to hold key roles in the office alongside Feldman, who has worked on gun policy for more than a decade and still oversees the policy portfolio at the White House.

The first glaring issue, beyond the Constitutional separations of power and the guarantees of the 2nd Amendment, is the name of this ridiculous office. “Gun violence” is not a thing. Guns don’t do anything until a human manipulates them. You never hear democrats bitching about “knife violence” or “blunt objects violence” because those sound really stupid. Gun violence is a made-up term like “assault rifle” that is meant to scare morons into surrendering their rights.

The next big problem with this is that they haven’t including anyone with solid ideas on how to actually reduce violence of any kind. These are anti-gun nutjobs, whose only ideas are unconstitutional gun bans and confiscation. These are not people who would advocate for the strict enforcement of existing laws, which is the only real way that shootings can be reduced.

And speaking of the people set to head this bullshit office, they are lobbyists for the gun control industry. There is no other federal office, populated by lobbyists, because that’s a massive conflict of interest. Yes, DC is a festering swamp of corruption, but no president has ever put active lobbyists in charge of setting administration policies that will directly benefit them financially.

And that’s what this is really all about. A federal office lacks the power to ban guns or confiscate them. They can’t enact laws, nor can they alter the U’S. Constitution. What they can do is get Biden to give money to the gun control groups they all head: “Hey Joe, we’ve figured out that the best anti-gun policy is to give millions to out anti-gun groups.”

In reality, this is a money-laundering scheme as well as political theater, something even lefty Politico had to admit:

The timing of Biden’s announcement comes as his presidential reelection campaign ramps up. The new office will present an opportunity for the president to point to his action on gun safety at a time when Congress is unlikely to pass additional legislation, potentially increasing enthusiasm among key voting blocs, including young people.

This is so Biden can stand in front of a very small number of hand-selected supporters and say, “I’m doing something about gun violence, even though I’m doing nothing.”

Actually he’ll probably say something more like this: “I grew up in the gun violence community. Why the hell does anyone needs a round that can shoot a hundred human lungs out the body, when deer don’t wear Kevlar? You know the rest, you lying dog-faced pony soldiers. Bawitdaba, da bang, da dang diggy diggy!”

Source:   https://defconnews.com/2023/09/20/joe-biden-creates-federal-anti-gun-office-to-bypass-the-constitution/