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Long-stalled bill to boost U.S. microchip
manufacturing heads for crucial Senate vote

Original Article

Posted By: Ribicon, 7/25/2022 2:07:24 PM

Senate Democrats plan to forge ahead with a test vote Monday on long-stalled legislation intended to jolt the U.S. production of semiconductor chips that are vital for everything from automobiles to washing machines to military weapons systems. Known as “Chips-plus,” the bipartisan bill includes more than $50 billion over the next five years for chip manufacturing and a 25% tax credit through 2026 for new chip production.(Snip)Opponents, including some Republicans and far-left icon Sen. Bernie Sanders of Vermont, labeled as “corporate welfare” the bill’s $50 billion of funding for the chip manufacturing industry. The bill also includes money for science-focused measures,

Comments:

The bill was stalled because Paul Pelosi, America's foremost insider trader, needed to know which way the vote would go before making an uncannily timed large investment (was it $3 million? $5 million) in the company that will be affected by the vote, which no doubt will go through. His drunk driving arrest probably also slowed the proceedings a bit. On a side note, the only thing complicating domestic chip manufacturing is government environmental and safety regulations, which were put there intentionally as part of our national deindustrialization, to weaken the republic. Pull down those barriers and there would be no call for subsidies.

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Reply 1 - Posted by: Proud Texan 7/25/2022 2:10:35 PM (No. 1228134)
Chipmaking companies are already planning to build in Texas and Ohio. Throwing more money after this is only for the grifters in D.C. As the OP notes, what we need is to get national gov't regulators to stop destroying business in America so we can do business.
13 people like this.

Reply 2 - Posted by: Rich323 7/25/2022 2:29:26 PM (No. 1228161)
The bill was held up until Pelosi and other globalists purchase millions of dollars worth of computer chip stock options. Now the legislation can proceed and transform them into millionaires. See how this works deplorables.
11 people like this.

Reply 3 - Posted by: Dodge Boy 7/25/2022 2:46:51 PM (No. 1228186)
Why does this require a vote of congress critters to decide on when and where chip-making should happen here.
10 people like this.

Reply 4 - Posted by: Ida Lou Pino 7/25/2022 3:01:32 PM (No. 1228193)
If there's big money in the bill for Elaine - - I'm sure Mitch will support it.
8 people like this.

Reply 5 - Posted by: winmag 7/25/2022 3:25:58 PM (No. 1228213)
Looks like Pauly P and Nazi are set to make another killing in the market.
4 people like this.

Reply 6 - Posted by: Northcross 7/25/2022 3:32:54 PM (No. 1228219)
Why do we need an act of congress? Can't American entrepreneurs take on this task if there is a great business opportunity out there?
10 people like this.

Reply 7 - Posted by: Luandir 7/25/2022 3:50:58 PM (No. 1228238)
Extortion by the manufacturers - "Pay us $50 billion or watch China seize all the chip-making facilities."
5 people like this.

Reply 8 - Posted by: TarAndFeathers 7/25/2022 4:19:19 PM (No. 1228258)
It was terribly important to arrange the equitable distribution of graft, but that’s what the Congs are adept at. Let the feeding frenzy begin.
5 people like this.

Reply 9 - Posted by: TLCary 7/25/2022 5:00:13 PM (No. 1228295)
Or, we give them $0 in kickbacks and require them to make chips in the USA if they want to sell anything to the US Government, including the US Military. Apple chip supplier TSMC has confirmed that it will begin mass production operations at its new factory in Arizona in 2024 - all on its own.
3 people like this.

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