Daniel Greenfield August 31, 2022 @ Sultan Knish Blog
As reported exclusively by Frontpage Magazine, Americans can expect to see their chances of an IRS audit increase fourfold
under the Biden-Manchin ‘Inflation Increase Act’. The massive upsurge
in IRS enforcement was justified as a way to pay for the massive
spending in the bill. Much of that spending consists of green pork for
Democrat donors and special interests.

The
media had spent the past month persuading Americans that they will see
economic benefits from the green pork, but once the bill was passed
through lies and dirty tricks, we know that it offers as much as
$350 billion in loans, subsidies and guarantees to green companies.
Overseeing the Department of Energy’s loan program is Jigar Shah: the
founder of SunEdison.
SunEdison
was one of the biggest of Obama's subsidized green energy bankruptcies,
receiving $1.5 billion in government grants and subsidies. While
Solyndra's bankruptcy, after receiving a $535 million loan from the
Obama administration, is infamous, there were quite a few disasters.
The
$350 billion that the ‘Inflation Increase Act’ is playing with will be far worse.
While
Americans have little to cheer about a government program handing out
money to its allies and donors, not to mention Tesla owners and the Bay
Area elite, Bill Gates
is happy.
“Everybody
wants to be part of this,” Carmichael Roberts, the head of Bill Gates's
green energy investment fund, gushed. “The calls that I’m getting now —
tremendous, already."
Gates was described as having
personally lobbied
Senator Manchin and Schumer in "anticipation of a rare moment in which
significant federal dollars might be secured for the clean-energy
transition." Billions of those dollars, ripped out of the hands of truck
drivers, veterans and small businessmen, will have been “secured” for
Gates and his ventures.
A wave of middle class IRS tax audits will be unleashed to pay for those “federal dollars”.
“I
bet you there’s somewhere between 300 to 1,000 companies that will
exist now because of this bill that would not have existed,” Gates’
venture fund boss boasted.
The question is how many of those will the Gates fund be invested in?
Breakthrough Energy Ventures, a fund backed by Bill Gates,
announced
earlier that it raised over $2 billion to invest in green companies and
that it plans to raise that to $15 billion. It currently has a public
portfolio of 70 companies, many of which have government connections.
Ventures
led a $20 million investment round into Blue Frontier which had
obtained the rights to technology developed at the Department of
Energy’s National Renewable Energy Laboratory. Sustaera, which claims to
remove carbon dioxide, received seed R&D funding from the
Department of Energy followed by a $10 million round of financing from
Ventures. Quidnet describes the DOE as "among the public and private
investors in Quidnet Energy’s innovative energy storage system" and Bill
Gates led a $10 million round of investment in the company.
As a
Bloomberg article described, “This is no hypothetical for Gates. His
investments through Breakthrough Energy, the Gates organization that
does climate work, has sunk at least tens of millions into green cement
startups such as Ecocem, Chement and Brimstone. None have yet reached
commercial scale. He saw the bankruptcy filing of a battery startup he
backed, Aquion, that might have had a fighting chance if energy-storage
tax credits were available.”
Now most Americans will be forced to back these disastrous green startups and lose their shirts.
But when Bill Gates and his allied billionaires speak, politicians obey and Americans suffer.
Ventures is part of the larger Breakthrough Energy group which also includes Breakthrough Energy Action. The action arm spent
over $1 million lobbying on green energy last year.
The
firm which saw the most Action lobbying cash was KDCR Partners which
that year had hired Patrick Hayes. Hayes was Senator Joe Manchin's
outgoing chief of staff and his former legislative director. Bill Gates'
Action lists Hayes as one of its lobbyists.
Forget Silicon
Valley. Where else can you invest a few hundred thousand in lobbying
cash and come away with a few hundred billion in subsidies while the
middle class pays for it?
The board members and investors of
Breakthrough Energy Ventures include Bill Gates, Amazon founder Jeff
Bezos, Michael Bloomberg, Virgin's Richard Branson, Facebook billionaire
Dustin Moskowitz, Walmart heir Ben Walton, LinkedIn co-founder Reid
Hoffman, along with Chinese Communist tycoon Jack Ma of Alibaba and
Saudi Arabia's Prince Alwaleed bin Talal.
One of the things that
many of the investors and board members have in common is that they,
hopefully with the exception of the Chinese Communist billionaire,
Branson, and the Saudi prince, are Democrat donors. Moskowitz has spent
tens of millions on Democrats in presidential elections, Reid Hoffman has been spending
$100 million, Bloomberg
spent $100 million in an effort to help Biden win three states, while the Gates Foundation poured
$70 million into the dark money machine of the Democrats alongside Moskowitz and George Soros.
The
formal lobbying of Breakthrough Energy Action may just be a way of
conveying the will of its megadonor bosses whose wallets are capable of
making and breaking the Democrats.
It’s no secret that Bill Gates played a key role in getting the ‘Inflation Increase Act’ passed.
Bloomberg,
the eponymous publication owned by his fellow Breakthrough Energy board
member, credited Gates with lobbying Manchin and pressuring Schumer to
cut a deal.
The Microsoft founder was described
as having “tapped into a relationship with Manchin that he’d cultivated for at least three years”.
“My
dialogue with Joe has been going on for quite a while,” the
billionaire, whose marriage allegedly broke up over his ties to Jeffrey
Epstein, bragged. “Almost everyone on the energy committee came over and
spent a few hours with me over dinner.”
What followed was a
story in which one of the richest men in the world convinced elected
officials to ignore their constituencies and spend a fortune on green
pork. The ‘Inflation Increase Act’ proved once again that in Washington
D.C., voters don’t matter, only power brokers do.
Given a choice between obeying his voters or Bill Gates, Senator Manchin picked him.
“You know, people say Joe likes coal or something like that,” Gates said. “That’s really not fair. Joe wanted a climate bill.”
Or at least Bill Gates did. And so he got one.
“I
will say that it's one of the happier moments of my climate work,” Bill
Gates said of the passage of the 'Inflation Increase Act'.
Happiness for Bill Gates and his allies means misery, poverty and IRS audits for the country.
Daniel Greenfield is a Shillman Journalism Fellow at the David Horowitz Freedom Center. This article previously appeared at the Center's Front Page Magazine. Click here to subscribe to my articles. Thank you for reading.