AutoInformed

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On 22 May the U.S. House of Representatives passed its budget reconciliation bill. The bill – among other economic disasters for U.S. inhabitants and businesses – includes proposals to alter existing federal energy tax credits, from fast elimination of several credits, to new phase-down schedules, and adding new requirements, including provisions related to foreign entities of concern. Are any of our representatives paying attention to Chinese state-owned and directed capitalism? Take a look at the Chinese lead in new energy vehicles, the adoption of solar energy, the making of 21st century industrial goods and above all the funding of University research in advanced transportation products, manufacturing technologies and medical drugs. AutoInformed notes that Trump’s falsely named big, beautiful bill, along with his obsession with job destroying and inflation creating tariffs – among other things – adds up to negative numbers for our economy. Republicans flunk math.

“Existing energy tax credits have enjoyed decades of bipartisan support and are key to driving America’s energy expansion as we face unprecedented energy demand. Our coalition is urging the Senate to protect American jobs, boost competitiveness, bolster energy security, and support domestic manufacturing and energy development,” said Business Council for Sustainable Energy (BCSE) President Lisa Jacobson. Continue reading →