What Debt Problem? Taxpayers Gave $4B to Foreign Green Firms
U.S. taxpayers have forked over nearly $4 billion to foreign-owned companies as part of a stimulus program that pays cash grants to green-energy firms, according to a newly released congressional report.
The report from Republicans on the House Energy and Commerce Committee charged that the Treasury Department-administered program has “failed” in its goal of putting Americans to work.
“Billions of dollars have filled the coffers of overseas firms while the evidence of the promised permanent jobs and economic growth here in the United States is scarce,” the report said.
The program is separate from the Energy Department fund that gave nearly $530 million to failed solar panel firm Solyndra.