Bankrupt solar panel maker Solyndra said Friday it could get $23 million in additional tax breaks, a development that angered Republicans who have said the firm got a federal loan guarantee as a political favor.
Reuters reported that a bankruptcy judge said on Friday that Solyndra’s creditors could vote on the bankruptcy plan with the additional tax breaks. A final decision would come Oct. 17 — just weeks before the Nov. 6 election.
Solyndra already had disclosed it could be eligible for $341 million-worth of tax breaks.
The revelation that more tax breaks could be in the offing bought charges from Republicans that the loan guarantee to Solyndra, whose venture capital backer had ties to the Obama administration, was spoils for support.