07/17/2017

Gov. Terry McAuliffe’s Former Electric Car Company Zaps Millions Of Tax Dollars

Leslie Eastman, Legal Insurrection

Judicial Watch: Media is ignoring collusion between failed green energy firm and Terry McAuliffe.

The American press obsession with Russia is leaving vital news on the cutting room floor.

For example, Judicial Watch is reporting that the state auditor of Mississippi is demanding that Virginia Democratic Governor Terry McAuliffe’s former company, GreenTech, repay millions in public money because the electric vehicle company shut down and failed to deliver on its promises to create new jobs.

The government watchdog group also notes that most elite media outlets are not covering another green energy failure, especially as it involves a leading Democratic politician.

An electric car company that folded after taking millions of taxpayer dollars was founded by Virginia Governor Terry McAuliffe, the chairman of Hillary Clinton’s 2008 presidential campaign and former Democratic National Committee (DNC) chair, but the mainstream media is ignoring this pertinent fact. The Mississippi-based company, GreenTech, shut down in January but is back in the spotlight because this week the state’s auditor demanded the firm repay $6.4 million in public funds. Only a small Richmond, Virginia newspaper prominently reported McAuliffe’s ties to the scandal, stating in the headline that “Mississippi auditor demands $6.4M repayment from McAuliffe’s former electric car company.”

…[A]s GreenTech founder, McAuliffe brokered the deal in which the company got millions in public funds by promising to invest $60 million locally and creating hundreds of new full-time jobs. That never happened and instead taxpayers got fleeced. Now Mississippi State Auditor Stacey Pickering is ordering that the money be repaid with interest and investigative costs. The exact figure is $6,360,019.60.

Digging deeper into the story, one can clearly see that the the vaunted “green energy jobs” did not live up to the promises weaved by the Democrats under the last administration. Furthermore, a Mississippi state auditor is having a difficult time determining if the firm lived up to the terms of its loan.

Read full article



You May Also Like:

The Wages Of Tax Reform Are Going To America’s Workers Kevin Hassett, The Wall Street Journal

Can Larry Kudlow Please Explain To Genius Businessman Trump How Online Sales Taxes Work? Carl Arbogast, RedState

Why Free Trade, Not Tariffs, Actually Increases American Jobs David Weinberger, The Federalist

Thomas Sowell On Facts And Free Speech (Pt. 1) [Watch] Rubin Report

Liberal College Professor Calls Barbara Bush ‘Racist,’ Cheers Her Death Derek Hunter, Daily Caller

Facebook’s Use Of Data May Annoy You, But IRS Handling Of Your Sensitive Information Is Truly Chilling J.D. Tuccille, Reason

The French Revolution Could Offer A Lens On Thermidor Of Trump Conrad Black, New York Sun

Surprised By Neil Gorsuch's Ruling? You Weren’t Paying Attention. Ilya Shapiro, Washington Examiner

CNN Washes Out Its Own Role In Outing Hannity's Legal Chat With Michael Cohen Tim Graham, mrcNewsBusters

‘Little Pink House’: When The Government Grabs Your Home Nick Sibilla, New York Post

The Changes That Made California Become A Liberal Fiasco Jarrett Stepman, Daily Signal

The New York Times Best-Seller List: Another Reason Americans Don't Trust The Media Dennis Prager, Townhall

Kroger Announces More Benefits For Employees Thanks To Tax Reform Karen Townsend, Hot Air

City Inspector Cites Business Flying U.S. Military Flags. Then She's Confronted By A Veteran. [Watch] Hank Berrien, Daily Wire

Minnesota Public Radio: Anatomy Of A Smear John Hinderaker, Powerline Blog

Time For Conservatives To Deconstruct Academia Malcolm A. Kline, Accuracy in Academia

Explaining The New Illiberal Liberalism John O. McGinnis, Library of Law and Liberty

For More go to the Home Page >>>

Join Our Email List



section

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

section

In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

-- Daniel J. Mitchell,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.07%
    FreeMarket Central Shadow Stats: 21.7%
  • Inflation:
    FreeMarket Central March Year-to-Year: 2.21% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

section