In the News

Investors with Close Ties to the President, Including Billionaire George Kaiser, Sought "Tax Avoidance" and Left Taxpayers Holding the Bag for Half a Billion Dollars

The Internal Revenue Service filed court documents yesterday objecting to Solyndra’s bankruptcy reorganization plan, concluding the company’s private investors set it up to claim lucrative tax breaks in the event the company went belly up. IRS attorneys found, "The undeniable conclusion is that tax benefits drive this plan."

The court documents revealed Solyndra’s investors had set up a shell corporation to avoid...

Human Events By John Hayward September 25, 2012

Last week, the Washington Times published an eye-opening report about a previously unnoticed memo from the Inspector General of the General Services Administration, who in July 2011 raised some questions about the solar panels that had been installed atop the Senator Paul Simon Federal Building in Carbondale, Illinois.

These solar panels were part of a renovation partially funded by President Obama’s 2009 "stimulus" bill, the American Recovery and Reinvestment Act.  But they came from… China.

As the Washington Times reports, the...

In Solyndra Bankruptcy, Obama Administration’s Picking of Winners and Losers Reaches Shameful New Lows 

President’s Backers, Including Billionaire George Kaiser, Could Get Hundreds of Millions in Tax Breaks While Taxpayers Lose Over Half a Billion Dollars

WSJ: Solyndra Backers Could Get $300M in Tax Breaks September 5, 2012

Losses bankrupt solar power equipment maker Solyndra LLC racked up during its brief existence could translate into more than $300 million worth of tax breaks for private equity backers in...