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ICYMI: Rubio Joins The Aaron Renn Show

U.S. Senator Marco Rubio (R-FL) joined The Aaron Renn Show to discuss Rubio’s Labor Day report on working (and non-working) men. See below for highlights and listen to the full interview here. On protecting American jobs and interests: “We made a series of economic...

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ICYMI: Rubio Debates Coons on China, Environment

U.S. Senator Marco Rubio (R-FL) debated Senator Chris Coons (D-DE) on China, global leadership, and environmental policy at an event hosted by the Bipartisan Policy Center’s Senate Project at George Washington University. “We have to shape a future that recognizes...

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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 Habla en Maxima 92.5 de Tampa Bay

El senador estadounidense Marco Rubio (R-FL) habló con Nio Encendio de Maxima 92.5 de Tampa Bay, sobre cómo la inflación ha impactado a las familias, sobre las olas de migración ilegal, sobre el juicio político de Biden vs. el de Trump, sobre el canje de prisioneros...

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Rubio Introduces Bill To Block Subsidies To Chinese Battery Companies

Mar 9, 2023 | Press Releases

The so-called Inflation Reduction Act (IRA) – in reality a $749 billion climate and tax law – provides billions of dollars in taxpayer-funded subsidies to the electric vehicle battery industry. Unfortunately, 76 percent of the globe’s electric battery production comes from manufacturers supported or controlled by the Chinese Communist Party. Without additional restrictions, Chinese companies will benefit from the subsidies President Joe Biden claimed would spur domestic manufacturing.  

U.S. Senator Marco Rubio (R-FL) introduced the Restricting Electric Vehicle Outlays from Kleptomaniac Enemies (REVOKE) Act of 2023 to significantly restrict the eligibility of IRA tax credits and prevent Chinese companies from benefiting.

  • “Hard-working Americans should not be forced to subsidize Chinese companies that make batteries for electric vehicles that cost more than most people make in a year.” – Senator Rubio

The Democrats’ partisan climate law contains few meaningful guardrails on how taxpayer subsidies can be spent. Rubio’s legislation would block tax credits from applying to these new, prohibited categories: 

  • A domestic corporation that is controlled by, operated by, or under the substantial influence of a foreign entity of concern, like a state-backed Chinese company;

  • A domestic corporation that relies on technology via a licensing agreement with a foreign entity of concern;

  • A foreign corporation organized outside of a covered country (i.e., China, Russia, North Korea, and Iran) but that is 20 percent or more owned by a foreign entity or entities of concern; or

  • Any member of a joint venture or partnership in which at least one participant is considered a foreign entity of concern.

Flashback … Last month, Rubio sent a letter to the departments of Treasury, Energy, and Transportation seeking assurances that no taxpayer subsidies would go to Chinese recipients – including, notably, to Ford Motor Company’s deal with Chinese national champion Contemporary Amperex Technology Co. Limited (CATL). There has been no response from the Biden Administration. 

Looking forward … Rubio will continue to demand answers from the Biden Administration and push for a vote on the REVOKE Act to ensure the Senate is on record.

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