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(11,544 posts)
1. 'Democrat accuses Musk of tanking spending bill over China restrictions'
Sat Dec 21, 2024, 11:18 AM
17 hrs ago

"The top Democrat on the House Appropriations Committee accused Elon Musk of tanking a bipartisan spending bill because it included a provision that could limit his businesses’ ability to operate in China."

"In a Friday letter to congressional leaders, Rep. Rosa DeLauro (D-Conn.) claimed Musk derailed the deal that would have avoided a government shutdown 'in order to protect his wallet and the Chinese Communist Party at the expense of American workers, innovators and businesses.'"

"The spending agreement released Tuesday included a bipartisan provision to limit and screen U.S. investments in China, among dozens of other proposals attached to the 1,500-page bill."

"As the CEO and largest stockholder in Tesla, Musk has extensive business connections to China. The company operates a major manufacturing plant in Shanghai and has sought to build deeper connections with Chinese companies."

"DeLauro cited Tesla’s operations in China as a reason for Musk to derail a bill containing limits on investments in the country, and she cited potential issues with technologies such as self-driving cars and long-lasting batteries being made in China."

“'It is extremely alarming that House Republican leadership, at the urging of an unelected
billionaire, scrapped a bipartisan, bicameral negotiated funding deal that included this critical provision to protect American jobs and critical capabilities,' DeLauro wrote."

https://thehill.com/business/5051709-musk-delauro-spending-bill-china/

Musk succeeded in stripping out the China provision.

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