Leave It to Congress to Drop Ball on CHIPS Act Semiconductor Subsidies
Will semiconductor industry subsidies be the future gateway for CHIPS Act 2.0/3.0 on other industries with an appetite for taxpayer dollars?
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Will semiconductor industry subsidies be the future gateway for CHIPS Act 2.0/3.0 on other industries with an appetite for taxpayer dollars?
"From the DoD's perspective, they're highly dependent on [Asia] for fabrication and packaging [of chips]," Hudson Institute's Bryan Clark tells Breaking Defense. This has led to DoD calls to address a "fragile and threatened" chip supply chain.
Semiconductor Shortage Shines Light On Weak Supply Chain
Toggle open close On March 31, the Biden Administration released details on its “American Jobs Plan.” Containing $2.25 trillion in new spending, $400 billion in tax credits, and $2.75 trillion in tax increases, if passed as proposed, the plan would be among the largest pieces of legislation in American history.REF The sprawling nature of the proposal, which includes taxes, transportation infrastructure, schools, health benefits, economic incentives, and more, makes the package difficult to analyze and summarize for public debate. This has become standard practice in Washington: Leading Me...