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Next Week: Rubio Staff Hosts Mobile Office Hours

U.S. Senator Marco Rubio’s (R-FL) office will host in-person and virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of...

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Rubio: Biden Admin’s 45X Credit is a Playground for Foreign Companies

Dec 14, 2023 | Press Releases

The U.S. Treasury released its guidance for Inflation Reduction Act’s “45X” production tax credits.

U.S. Senator Marco Rubio (R-FL) released a statement on how the Biden Administration’s credit would allow foreign adversaries to profit from American subsidies.

  • “The 45X tax credit, supposedly designed to fortify domestic energy production, has become a playground for foreign companies, including those with ties to Communist China. The Treasury’s guidance, conveniently blind to terms like ‘foreign,’ ‘China,’ or ‘national security,’ exposes a dangerous vulnerability in the Biden Administration’s radical climate agenda and highlights the urgent need for legislative intervention. 
  • “My bill, the Protecting American Advanced Manufacturing Act, offers a straightforward solution: ensure companies owned or influenced by foreign adversaries are ineligible for taxpayer-provided benefits that are meant for American innovation and security.” – Senator Rubio

Flashback … Rubio introduced the Protecting Advanced American Manufacturing Act earlier this week to ensure that nations aiming to weaken the U.S., including Communist China, do not receive American tax credits.