That's a diesel generator next to the charging station.
Posted on 04/04/2021 6:40:49 AM PDT by MarvinStinson
President Joe Biden's $2 trillion infrastructure plan includes a provision to boost electric vehicle use—which House speaker Nancy Pelosi stands to personally benefit from.
Pelosi's husband Paul purchased between $500,000 and $1 million in Tesla investments in December. Biden's infrastructure plan will lead to a windfall for Tesla and its shareholders. On Wednesday, Biden unveiled his sweeping plan, which sets aside $174 billion for electric vehicle subsidies, charging stations, and other provisions designed to push more Americans into electric cars over a decade.
Democrats are anticipating a contentious and lengthy battle over the infrastructure package. With a narrow Democratic majority and no support from Republicans, Pelosi will need to marshal every vote she can to get the bill passed. It will fall on the speaker to unify progressives who worry the bill is inadequate and with moderate Democrats who worry the bill's tax hikes could imperil their reelection chances.
Pelosi is one of the richest members of Congress, with a net worth valued around $115 million. Congressional spouses can legally invest in companies their spouses help regulate, as long as they don’t act on private information. Her husband's Tesla investments include 25 call options at a strike price of $500 until March 2022. Call options are contracts that give the investor the right to buy shares of a company at a certain price—in this case $500—until the contract expires.
Tesla is now positioned to see a sizable boost under Biden's proposed infrastructure plan. Barron's says Tesla could be one of the big winners from Biden's infrastructure plan. Wall Street expects Tesla deliveries to rise 60 percent year over year in 2021, according to the publication.
Republicans say the timing of Paul Pelosi's investments is suspect. "There's a reason Nancy Pelosi is one of the most disliked politicians in America—she's corrupt," said Torunn Sinclair, national press secretary for the National Republican Congressional Committee. "This is yet another example of Nancy Pelosi using her power to tax the middle class and personally profit from it."
Senate minority leader Mitch McConnell (R., Ky.) said the GOP will oppose Biden's infrastructure plan. "I'm going to fight [the Democrats] every step of the way, because I think this is the wrong prescription for America," McConnell said. If Democrats do not gain the support of 10 Republican senators, they will have to use budget reconciliation to pass the bill on their own.
The left wing of the Democratic Party doesn't think Biden's plan goes far enough. Progressive lawmakers and environmental activists pushed Biden to include a $10 trillion climate package within the plan.
Pelosi is one of the richest members of Congress, with a net worth valued around $115 million.
Republicans say the timing of Paul Pelosi’s investments is suspect.
Progressive lawmakers and environmental activists pushed Biden to include a $10 trillion climate package within the plan.
That's a diesel generator next to the charging station.
Time for her to buy more $10,000 refrigerators and $14.00 quarts of designer Ice Cream.
CORRUPT!
Duh! Who do you think wrote the bill! All DemonicRats will get their piece of the action, and of course the Big Guy will get his 10% cut.
Why do you think only 5% is actually going to be used on infrastructure? Buy the time you Bail out all the Blue States; Cover Union retirement fund mismanagement; Payoff all DemonicRat political contributors; and the various pet projects to employee their children; there is only 5% left to upgrade the roads to their second house and build them villas in their favorite foreign country.
There is no ‘COULD’ here.
Anything the Dems do—with or without Biden helps Pelosi get richer...ALso Feinstein.
Ask Martha Stewart about insider knowledge when trading stocks.
Pints
Ask Soros about insider knowledge when trading stocks.
My Mama, God rest her soul, always said, “Isn’t it amazing how every Congressman comes to Washington flat broke but retires as a millionaire”.
$174 billion for electric vehicle subsidies
If it moves tax it if it still moves regulate it and if it still moves subsidize it.
Ronald Reagan
Democrats master plan for everything.
re: “Biden’s Infrastructure Plan Could Boost Pelosi’s Investment Portfolio”
Well, her next of kin’s portfolio. She turned 80 a week or two back.
Who do you think wrote this monstrosity and rammed it through the House? Biden's Bill? Hardly..
This government rip off was designed to fatten the wallets of Nancy and her cronies.
Yeah, what you said.
81
Rd later.
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