Red tape shackling manufacturers
July 13, 2023
Until President Biden signed the Chips and Science Act (CSA) last year, companies, such as Intel and Taiwan Semiconductor Manufacturing Co. looked elsewhere to build plants costing well over $20 billion each.
Biden’s pitch to taxpayers was ultramodern manufacturers of miniature computer chips used in our sophisticated weapons, advanced manufacturing, cars and trucks, and high-tech equipment needed to move back to the U.S A.
Congress responded and passed CSA supplying a $280 billion to encourage them to reposition even though our costs tend to be higher, and our regulations more shackling...