https://amgreatness.com/2025/05/31/on-congressional-and-corporate-collusion-with-the-prc/
As an American citizen and a Michigan resident opposed to communist China’s subnational incursions into our country, specifically, and the People’s Republic of China (PRC), generally, I was both heartened and saddened by Steve Cortes’s May 22nd American Greatness article, “Don’t Fund Chinese Companies in the Tax Bill.”
I was heartened because a strong proponent of American workers and religious freedom once more warned against the suicidal insanity of corporate and political elites economically empowering a genocidal communist regime engaged in unrestricted warfare against our nation with the express intent of destroying the “hegemon” and, further, the rules-based international order. So, too, Mr. Cortes did his part to help pierce the corporate media’s muted coverage of how my home state of Michigan is a regrettable example of American elites’ prioritizing corporate and government revenues over America’s national security.
Mr. Cortes begins by citing the strategic threats posed by the PRC’s access to our economy and government:
“First, it compromises our industrial base because threats of espionage and sabotage follow those acquisitions and capital flows… Second, granting access to U.S. markets grants legitimacy and financial power to one of the most brutal and repressive regimes on earth, one that grows increasingly blunt in its anti-American posture. America should not be in the business of financing an enemy.”
His logic is eminently sound, as is his analysis of both the pending tax bill:
“Now, the new reconciliation bill, deemed the “Big Beautiful Bill,” just passed in the House—and it fails to fix loopholes created by the Biden administration’s Inflation Reduction Act (IRA). As this legislation moves to the Senate, it leaves the window open for Chinese companies to benefit from massive U.S. tax credits, specifically the 45x Advanced Manufacturing Production Credit, an uncapped incentive program for certain manufacturing projects.”
His solution is eminently sensible:
As a first step, the Senate must mandate no U.S. tax credits to any PRC-affiliated companies. None. Moving further, they should stop PRC companies from further infiltrating America’s industrial base and block U.S. companies from working domestically with any company listed by the Department of Defense as a Chinese Military Company or that is considered a foreign entity of concern.