Sen. Joe Manchin (D-WV) recently grilled the White House, accusing it of trying to evade Congress by implementing a Department of Treasury (DOT) rule, making the process easier for foreign entities in China to take advantage of electric vehicle tax credits that are included in the Biden administration’s so-called Inflation Reduction Act.
Manchin slams Biden administration for proposal making it easier for China to have EV tax credits | Just The News https://t.co/CFK8ixv9F6
— John Solomon (@jsolomonReports) December 4, 2023
“The proposed Treasury rules on Foreign Entities of Concern are another example of the Biden administration clearly breaking the law to try to implement a bill that it could not pass,” Manchin said in a recent statement, while also arguing that the White House’s proposal would deal a blow to U.S. taxpayers and increase America’s reliance on foreign adversaries such as China.
“The Inflation Reduction Act clearly states that consumer vehicles are ineligible for tax credits if ‘any of the applicable critical minerals contained in the battery’ come from China or other foreign adversaries after 2024,” the West Virginia congressman added.
“But this administration is, yet again, trying to find workarounds and delays that leave the door wide open for China to benefit off the backs of American taxpayers,” he continued. “The Inflation Reduction Act is a once-in-a-lifetime opportunity to onshore our supply chains and invest in American workers.”
The Inflation Reduction Act states that by 2024 and 2025, any “foreign entity of concern” will be prohibited from obtaining the $7,500 electric vehicle tax credit included in the law.
Among such entities of concern include U.S. adversaries such as China, Russia, North Korea, and Iran.
Manchin currently leads the Senate Energy and Natural Resources Committee. The West Virginia lawmaker previously went after the Biden administration in March 2023 for issuing new rules on the use of electric vehicle tax credits that paved the way for foreign entities to be granted as such.
Manchin blasted the White House at the time for purposely ignoring the purpose of the Inflation Reduction Act, which is to reduce the scourge of ever-growing inflation in the U.S.
It appears that the Inflation Reduction Act was never meant to combat the financial difficulties Americans are currently facing. Instead, the law was meant for Democrats to spread their agenda. In August 2023, President Joe Biden admitted that he wished he hadn’t named the law as such.