Quantcast

East Michigan News

Tuesday, November 5, 2024

Moolenaar, LaHood Introduce NO GOTION Act to Stop Taxpayer Funding of CCP Companies

Webp bt8xqypsoeh5c743lufrib0dsgdd

Congressman John R. Moolenaar | Rep. John R. Moolenaar Official U.S House Headshot

Congressman John R. Moolenaar | Rep. John R. Moolenaar Official U.S House Headshot

Congressman John Moolenaar and Congressman Darin LaHood have introduced the No Official Giveaways Of Taxpayers’ Income to Oppressive Nations (NO GOTION) Act. This bill aims to prevent companies affiliated with the Chinese Communist Party (CCP) from receiving green energy production tax credits implemented by the Biden administration in the Inflation Reduction Act (IRA). The introduction of this legislation comes in response to Gotion Inc., a subsidiary of the CCP-affiliated Gotion High-Tech, planning to build battery factories in Michigan and Illinois, which would qualify for the tax credits under the IRA.

Moolenaar, one of the bill's sponsors, states, "The NO GOTION Act is a simple three-page bill that will prohibit CCP-affiliated companies, including Gotion, from receiving the federal tax dollars of hardworking American families. If America is going to have a secure energy supply, we cannot give federal tax credits to CCP-controlled companies and allow them to expand their influence in the U.S. Quite simply, the tax dollars of the American people should not be used to pad the profits of a company beholden to the CCP."

LaHood, another sponsor of the bill, emphasizes the national security concerns associated with taxpayer funding of CCP-affiliated companies. He says, "As a member of the House Select Committee on the Chinese Communist Party (CCP) and the House Intelligence Committee, I have seen the malign efforts that the CCP, and other foreign adversaries like Iran and Russia, are engaged in to undermine our domestic supply chains and national security. Hard-working taxpayers should not be on the hook for billions in federal subsidies funneled to companies beholden to malign actors, like the CCP. It is clear that the so-called 'Inflation Reduction Act' is being leveraged by foreign adversaries to exploit loopholes to gain generous incentives and dominate key technologies in the United States. Congress and the federal government should be promoting pro-growth tax policy that supports American businesses, and this commonsense bill is a positive step to get us back on track."

The NO GOTION Act has garnered support from other lawmakers as well. Congressman Rob Wittman, a co-sponsor of the legislation, asserts, "Under no circumstance should the United States allow our adversaries to benefit from American taxpayers' hard-earned income. I am proud to join my colleagues in introducing the NO GOTION Act, which is a critical measure to deny green energy tax benefits from going to companies that are created, organized, or controlled by Russia, Iran, North Korea, and China."

The bill was prompted by recent reports of Gotion Inc. exploring the use of green energy tax credits signed into law by President Joe Biden. The company, which is a subsidiary of Gotion High-Tech based in China, plans to build battery component factories in Michigan and Illinois. In a Foreign Agents Registration Act filing, Gotion Inc. claimed to be "wholly owned and controlled by" Gotion High-Tech, which operates in accordance with the Chinese Communist Party's constitution.

The NO GOTION Act is co-sponsored by several other representatives, including Rep. Mike Gallagher, the Chairman of the Select Committee on the Strategic Competition between the United States and the CCP. The bill aims to protect American taxpayers' funds and promote domestic businesses by preventing taxpayer dollars from supporting CCP-affiliated companies.

It is clear that this legislation has been introduced to address the concerns surrounding taxpayer funding of CCP-affiliated companies and to safeguard national security interests. The NO GOTION Act seeks to ensure that American taxpayer dollars are not used to support companies that are controlled by oppressive nations.

To learn more, click on this link: https://moolenaar.house.gov/media-center/press-releases/moolenaar-lahood-introduce-no-gotion-act-stop-taxpayer-funding-ccp

MORE NEWS