
Last year, a Democratic-led Congress jammed through President Joe Biden’s deceitfully titled Inflation Reduction Act. This massive spending bill had nothing to do with reducing inflation and everything to do with force-feeding leftist policy dreams on hardworking taxpayers .
This was especially clear when Democrats inserted massive amounts of Green New Deal energy handouts into the bill. And unless we change course, we very well may look back at this misguided effort as the undoing of American hegemony.
Biden and Washington Democratic energy policies pose a serious threat to America for multiple reasons. First, their Inflation Reduction Act amounts to a gift to Communist China and the regime’s efforts to dominate the global markets. China already dominates “green” energy production through the market of rare earth minerals. In fact, 90% of the world’s battery storage market, 66% of global solar panel production, and 50% of wind turbine production come from China.
As a result, Chinese corporations tied to Communist China have been enriching themselves off the tax credits that were expanded in the Inflation Reduction Act. Chinese companies are even assisting the Ford battery plant in Michigan and an electric vehicle plant in Ohio.