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The Biden administration is out today with final rules for new electric vehicle tax credits, which quickly drew rebukes for granting some flexibility to automakers on using materials from China.

Ken Griffin gives $4M to House GOP super PAC

News: Ken Griffin, the founder of Citadel and one of the world’s most successful hedge fund tycoons, has given $4 million to the Congressional Leadership Fund, the super PAC backed by House Republican leadership.

Griffin directed that his contribution, which will become public in CLF’s filing today, be used to support four Republicans: Reps. Juan Ciscomani (R-Ariz.), Don Bacon (R-Neb.), Michelle Steel (R-Calif.) and Jen Kiggans (R-Va.).

Ciscomani, Bacon, Steel and Kiggans are all seen as pragmatists in an increasingly volatile and rightward-leaning House Republican Conference.

President Joe Biden won all four seats in 2020 and all are expected to be competitive again this year.

A CLF source said Griffin gave the gift because the quartet represents “talented, next-generation conservatives.”

Griffin is one of the party’s mega-donors. The Florida-based hedge-fund manager has given several million-dollar-plus contributions this cycle.

Griffin gave:

$3 million to Conservatives for American Excellence, which has played in House races.

$5 million to a super PAC supporting Nikki Haley’s presidential campaign.

$10 million to Keystone Renewal PAC, which is supporting Dave McCormick’s bid for the Senate in Pennsylvania and $2.5 million to Senate Leadership Fund.

$1 million to CLF last summer.

— Jake Sherman

Presented by The Coalition to Project American Jobs

It’s taking the IRS years to process a small business tax credit. 1M+ small business owners who filed for the Employee Retention Credit are stuck in backlog or waiting on payment for their claims. Tell the IRS to lift the moratorium now.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.