Key Vote: “No” on the Chips Act
The Senate will soon vote on the CHIPS Act (H.R. 4346), a $250 billion package that blends corporate welfare with industrial policy. The bill includes $52 billion in financial incentives to the highly profitable semiconductor industry, $80 billion in increased funding to universities through the National Science Foundation (NSF), $10 billion for centrally planned “regional technology hubs,” and nearly $50 billion in funding for research at the Department of Energy...