Once again, Joe give tax credit to China products
From
ScottW@21:1/5 to
All on Thu Jul 27 21:34:51 2023
In the letter, the United Steelworkers union and top steel companies criticized the Treasury Department’s proposal to grant a bonus tax credit for green energy projects that rely on U.S.-made metal and components due to the policy leaving space for
solar panel firms to use foreign steel for certain key components and still qualify for the 10% tax credit, according to the WSJ. China is the world’s biggest producer of steel and is a major supplier of products involved with green energy, like solar
panels. (RELATED: China Hacked Top State Dept Officials’ Emails Ahead Of John Kerry’s Climate Meeting In Beijing: REPORT)
“If the current Guidance were to be made final, it would significantly damage U.S. domestic steel producers, putting at risk 1.5 million tons of production and jeopardizing the livelihoods of millions of Americans who depend on our industry,” the
companies and union said in the letter, according to the WSJ. “Categorization of tracking systems as manufactured products would permit many of the structural steel components of new solar projects in the U.S. to be imported from China.”
They talk the talk but they don't walk the walk in the fine print.
ScottW
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