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Author Topic: Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt  (Read 587 times)

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rangerrebew

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Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt
« on: April 22, 2017, 01:50:08 pm »
Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt

Posted By Andrew Follett On 8:51 PM 04/20/2017

Solar company Suniva Inc. filed for bankruptcy Wednesday after receiving millions in government subsidies to manufacture solar panels.

Suniva blamed its bankruptcy on competition from cheap Chinese-made solar panels, but the company received about $20 million in support from federal and state taxpayers, according to the Atlanta Journal-Constitution.
 

Article printed from The Daily Caller: http://dailycaller.com

URL to article: http://dailycaller.com/2017/04/20/solar-company-gets-25-million-in-taxpayer-subsidies-goes-bankrupt/
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Offline InHeavenThereIsNoBeer

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Re: Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt
« Reply #1 on: April 22, 2017, 02:02:00 pm »
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But Suniva got help from taxpayers. The company received $8.8 million from the federal government between 2010 and 2016 on top of up to $11 million in state incentives so they could manufacture more solar cells, the Journal-Constitution reported.

The company also received a $5.7 million federal tax credit in 2010 as part of the American Recovery and Reinvestment Act.

Suniva is considering filing a complaint with the U.S. International Trade Commission to protest Chinese subsidies for solar panel producers...
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Offline Hoodat

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Re: Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt
« Reply #2 on: April 22, 2017, 02:36:48 pm »
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Suniva is considering filing a complaint with the U.S. International Trade Commission to protest Chinese subsidies for solar panel producers...

Seriously?   A company that received $25 million in government subsidies is going to protest Chinese companies that receive government subsidies?
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Offline Hondo69

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Re: Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt
« Reply #3 on: April 22, 2017, 02:50:06 pm »
Quote from: Hoodat on April 22, 2017, 02:36:48 pm
Seriously?   A company that received $25 million in government subsidies is going to protest Chinese companies that receive government subsidies?

To me it's another example that proves government has no business being waist deep in business.  To be fair, the playing field is not equal as Chinese companies go by different sets of rules which I'm assuming is their major complaint.  The rules of the game is one area where the government can work to level the playing field.  Just stay away from subsidies which always have "unintended consequences", and since those consequences happen 100% of the time it proves they are not unintended at all.
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Offline jmyrlefuller

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Re: Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt
« Reply #4 on: April 22, 2017, 03:18:28 pm »
But that's OK, Donald Trump is on it and he'll go after those Chinese trade cheaters!

(Until he and the Chinese have a friendly heart-to-heart and he realizes they're not really bad guys after all...)
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geronl

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Re: Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt
« Reply #5 on: April 22, 2017, 06:17:47 pm »
Quote from: Hoodat on April 22, 2017, 02:36:48 pm
Seriously?   A company that received $25 million in government subsidies is going to protest Chinese companies that receive government subsidies?

lol
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Offline truth_seeker

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Re: Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt
« Reply #6 on: April 22, 2017, 07:03:59 pm »

#4 Trump
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