Posted on 11/16/2012 4:13:56 PM PST by knak
A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees.
One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed those tariffs for its own layoffs.
Both companies benefited from the Energy Department’s stimulus-funded Advanced Energy Manufacturing (48C) Tax Credit. The 48C credit is worth up to 30% of the cost of manufacturing qualifying green energy projects.
SolarWorld received a credit worth $82 million, while SunTech’s was worth $2.1 million.
(Excerpt) Read more at blog.heritage.org ...
If the rich paid more in taxes those companies would not be laying people off.
If rich people were required to wear solar panels on their heads and give the power generated back to the people, then we wouldn’t need to drill for more oil.
Ping for the list.
Bump
How ‘bout those “green jobs”? LOL!
Put green food coloring in Twinkies, call them green jobs, and let the stimulus funds flow!
DISMANTLE The Department of Energy! BIG GOVERNMENT IS CRONY SOCIALISM
How long have we been paying these criminals?
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