ICYMI: Luria could profit off of Biden’s “infrastructure” plan
President Biden’s $2 trillion “infrastructure” plan is nothing more than a socialist Trojan horse funded by the American taxpayers.
And Elaine Luria could profit off it.
Whether it’s profiting off this sham legislation or selling her small business right before voting to hike the minimum wage, Luria always looks out for herself, not Virginians.
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Democrat Rep. Elaine Luria Could Benefit off Biden Infrastructure Bill After Husband’s Tesla Stock Purchase
Breitbart
Ashley Oliver
April 22, 2021
Rep. Elaine Luria’s (D-VA) husband’s recent purchase of shares from electric vehicle carmaker Tesla, Inc. puts the Democrat congresswoman in a position to personally benefit off of President Joe Biden’s $2 trillion spending package should it pass through Congress.
The spending package, which the Biden administration named the “American Jobs Plan,” includes $174 billion in electric vehicle incentives, a provision that would affect Tesla, which dominates in the electric vehicle market.
Tesla’s shares rose five percent the day Biden introduced his plan, on March 31.
Luria’s husband, according to a transaction report the congresswoman filed last week, purchased between $1,001 and $15,000 in Tesla stock on March 22. He also purchased stock in that same cost range in QuantumScape, a developer of electric vehicle batteries.
Congressional members, as well as their spouses, are prohibited by law from making trades based off of privy knowledge gained through their role in office, though there is no evidence to support Luria’s husband’s purchases were made unlawfully.
The purchases do however fall in line with criticism over those involved in making policy decisions seeing a personal financial gain as a result of those decisions.
House Speaker Nancy Pelosi (D-CA) has come under similar scrutiny for her husband’s massive investment in Tesla in December, as reported by the Washington Free Beacon. Though the speaker’s office later denied to Fox News that Pelosi had any involvement in that purchase, the fact remains she holds enormous influence over her caucus as it prepares over the coming months to vote on the spending package that currently includes the multibillion-dollar electric vehicle provision.
Luria’s office did not respond to a request for comment on the matter.
Luria has represented Virginia’s Second Congressional District since 2019 and won reelection last year by close to six points, but she is considered vulnerable in the 2022 midterms.
The Cook Political Report’s most recent partisan index finds her district leans one point favorable toward Republicans, and the National Republican Congressional Committee has targeted her as one of several “battleground Democrats” whose defeats would aid Republicans in retaking the House majority next year.