[Editor’s note: This story originally was published by Real Clear Energy.]
By Kevin Mooney
Real Clear Energy
China stands to benefit from the green energy mandates in the 1.2 trillion-dollar infrastructure bill the U.S. Senate approved on Tuesday while American energy consumers can expect to face higher costs associated with a carbon border tax that will reportedly be folded into the upcoming, budget busting reconciliation package.
The 19 Republican senators who provided the critical votes have put anti-energy interests in a stronger position to secure extra spending in the form of reconciliation to the tune of $3.5 trillion. The siren call of bipartisanship will prove costly to the American people, but beneficial to the regime in Beijing. The Congressional Budget Office projects the infrastructure bill alone will add $256 billion to the federal deficit over the next 10 years. House Democrats and the Biden White House have tied the infrastructure plan to passage of the reconciliation package, which will be filled to the rim with progressive climate change initiatives that redound to the benefit of China’s renewable energy industry.
One item that stands out in the text of the infrastructure legislation is $7.5 billion in taxpayer subsidies for electric vehicle charging facilities. The American Energy Alliance, a nonprofit consumer and taxpayer advocacy group, asks why taxpayers should foot the bill for electric vehicles rather than the electric vehicle owners themselves.