To the editor:
I read Jason Smith's “Capitol Report” and often read misleading statements. His recent report accuses the Biden administration had “opened the door for Chinese billionaires and the [Chinese Communist Party] to take billions from hard-working American taxpayers.” He gives no information to support that accusation.
As published in “Money Watch,” a part of CBS News of April 8, 2024, the Biden administration had Treasury Secretary Janet Yellen spend four days in talks with Chinese officials over an industrial policy that poses a threat to U.S. jobs. She also had “difficult conversations” with Chinese officials about national security, including Chinese companies supporting Russia in its war in Ukraine. Yellen also cited manufacturing of electric vehicles and their batteries as well as solar energy equipment as areas of concern.
In direct contradiction of Smith's accusations, “China filed a complaint with the World Trade Organization, alleging the Inflation Reduction Act, signed into law by President Joe Biden, distorts fair competition due to its electric-vehicle subsidies.” Yellen has held the fourth economic and financial working groups meeting “where these issues will be discussed at length.”
Smith’s “Capitol Report” goes on to accuse China of using American classrooms to spread propaganda through establishing “Confucius Institutes” at colleges. That part of the “Capitol Report” is true.
