No Tax Dollars for CCP Companies
Gotion Inc., a company affiliated with the Chinese Communist Party (CCP), is sparking controversy with its plans to build factories in Michigan and Illinois, potentially qualifying for tax credits. The move has raised concerns among leaders familiar with CCP tactics and exploitation of U.S. freedoms.
A bill known as the NO GOTION Act has been introduced to prohibit CCP-affiliated companies like Gotion from receiving federal tax dollars. This legislation aims to safeguard taxpayer funds from supporting organizations linked to the CCP.
Gotion’s activities, guided by CCP directives, have drawn scrutiny due to connections with human rights abuses and national security risks. Former officials such as Leon Panetta and Mike Pompeo have highlighted the dangers of CCP-affiliated entities like Gotion.
Championed by Representative John Moolenaar, the NO GOTION Act seeks to prevent CCP-linked companies from accessing federal tax benefits. It aims to protect national security interests and promote American economic resilience.
The bill is a response to taxpayer-funded incentives for Gotion under the Inflation Reduction Act, raising concerns about unwittingly supporting a company with potential security implications. It underscores the importance of preventing CCP interference in critical U.S. industries.
Addressing the urgency of the situation, Representative Moolenaar and Paul Teller stress the need for swift congressional action to pass the NO GOTION Act and curb CCP influence in American economic activities.
Analyst comment
Positive news: The NO GOTION Act has been proposed to prevent CCP-affiliated companies like Gotion from receiving federal tax dollars, protecting national security and American interests. Market impact: If passed, the act could lead to decreased financial support for CCP companies, potentially impacting their expansion plans and creating opportunities for American companies in critical industries.
