U.S. Sen. Joe Manchin (D-WV) just blasted President Joe Biden and his administration over the newly proposed guidance that the U.S. Department of Treasury has released regarding the electric vehicle (EV) tax credit.
Manchin did so in a statement that he released on Friday in response to the proposed guidance.
Manchin, in fact, went so far as to call the situation "horrific" and a "pathetic excuse."
But, before we get to that, let's take a look at what led to Manchin's remarks.
On Friday, the Treasury, in a press release, announced that the Treasury and the IRS have "released proposed guidance on the new clean vehicle provisions of the Inflation Reduction Act."
According to the Washington Examiner, the newly-released guidance "details how the department intends to enforce the revamped consumer clean vehicle tax credit, which was rewritten in the Inflation Reduction Act to include the new strict content requirements for vehicles to be eligible."
When this tax credit was first passed, there were a number of countries that voiced opposition to it, specifically because the "strict content requirements" suggested that their products might not be eligible.
But, the Examiner reports that the new guidance looks to allay these concerns, or, in the words of the outlet, seeks "a de-escalation of an international trade conflict."
Now, according to the Examiner, "the new guidance . . . would open the door for more foreign exporters' electric vehicle products to receive expanded U.S. subsidies than initially expected."
Suffice it to say that Manchin is not thrilled about the new guidance. "Yet again – the guidance released by the Department of the Treasury completely ignores the intent of the Inflation Reduction Act," Manchin began.
It is horrific that the Administration continues to ignore the purpose of the law which is to bring manufacturing back to America and ensure we have reliable and secure supply chains. American tax dollars should not be used to support manufacturing jobs overseas.
Manchin went on to refer to this as "a pathetic excuse to spend more taxpayer dollars as quickly as possible," and he said that it "further cedes control to the Chinese Communist Party in the process."
"The guidance includes a 60-day comment period and I ask for every American to comment. My comment is simple: stop this now – just follow the law," Manchin concluded.
Manchin's rebuke of the Biden administration, here, is about as clear as it gets. And, it comes from a member of Biden's own political party.