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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
Newgarden Leads Final Indy 500 Practice
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Josef Newgarden led the final practice* for “The Greatest Spectacle in Racing” with a top lap of 225.687 mph in the No. 2 Shell V-Power NiTRO+ Team Penske Chevrolet. Newgarden is trying to become the first driver to win three consecutive Indy 500s. However, due to the Team Penske Cheating Scandal, he’ll need to do it from the 33rd starting spot. Newgarden and Team Penske teammate Will Power were moved to the rear of the field Monday due to a modified attenuator on their respective cars that violated IndyCar rules Sunday during PPG Presents Armed Forces Qualifying. The record for the deepest starting spot of a “500” winner is 28th, by Ray Harroun in the inaugural race in 1911 and Louis Meyer in 1936. (Read AutoInformed.com on: IndyCar Moves Team Penske Cars to Bottom of Grid! and IndyCar – Penske Fires Senior Leadership Team)
“Good final run here,” Newgarden said. “Excited to check the car off again and work with the team. I’m really excited for Sunday. The main show. Everything we work for.” Continue reading →