Gotion, Inc., a Chinese company and U.S. subsidiary of Guoxuan High-Tech, announced a lithium battery plant in Illinois that is expected to open next year. This CCP-tied battery company is expected to benefit from green-energy tax breaks under the Democrats’ Inflation...
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Momentum Builds For ObamaCare Bailout Prevention Bill
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) today welcomed the support of several fiscal watchdog and conservative organizations for S.1726, The ObamaCare Bailout Prevention Act, a bill that would eliminate a provision of ObamaCare that allows for taxpayer-funded bailouts of insurance companies at the Obama Administration’s sole discretion.
Rubio introduced the bill earlier today.
Among the groups endorsing the legislation are:
- American Conservative Union
- Americans for Prosperity
- Americans for Tax Reform
- Campaign for Liberty
- Center for Freedom and Prosperity
- Club for Growth
- Council for Citizens Against Government Waste
- FreedomWorks
- Heritage Action for America
- National Taxpayers Union
- Tea Party Express
“American taxpayers are sick and tired of losing in Washington’s schemes, and I’m proud to have the support of groups that refuse to accept having to bail out anyone for the growing ObamaCare disaster,” said Rubio. “The American people should not have to bail anyone out. Period. But they especially shouldn’t have to just so President Obama can save face for a broken promise.”
The ObamaCare Bailout Prevention Act is also co-sponsored by Senators Saxby Chambliss (R-GA), John Hoeven (R-ND), Jim Inhofe (R-OK), Mike Lee (R-UT), Mitch McConnell (R-KY), Rand Paul (R-KY) and David Vitter (R-LA).