The NO GOTION Act will ensure that companies with ties to the Chinese Communist Party, Russia, Iran, and North Korea cannot, in any way, benefit from the energy incentives in our tax code. Gotion is building a heavily subsidized EV battery plant in Manteno, Illinois.
It is great news representatives are putting this bill forward, and hopefully the rest of the legislature will sign onto it. Unfortunately, it shows the sad state of affairs when you have to actually create a bill to keep corrupt foreign investment out of tax credits. With reduced foreign investment, Illinois in particular will likely miss out on new developments because businesses do not want to pay taxes for incompetence. The governor thinks Green Energy and Microchips are going to save his run for President so I would expect him to blame this development on Trump instead of his own… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
It is great news representatives are putting this bill forward, and hopefully the rest of the legislature will sign onto it. Unfortunately, it shows the sad state of affairs when you have to actually create a bill to keep corrupt foreign investment out of tax credits. With reduced foreign investment, Illinois in particular will likely miss out on new developments because businesses do not want to pay taxes for incompetence. The governor thinks Green Energy and Microchips are going to save his run for President so I would expect him to blame this development on Trump instead of his own… Read more »