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Thursday, March 6, 2025

Repeal of the CHIPS act -- $52 billion headache

In his joint Address to Congress,

POTUS demanded of Speaker Johnson

that he "get rid of the CHIPS act and 

whatever's left, use it to reduce debt or

any other reason you want to."

This bipartisan legislation was favored

by all Democrats and 17 GOP Senators and

24 House Republicans. . .to gut or demolish

it as one of Biden's signature accomplishments

would run afoul of the beneficiaries of the

act to reduce dependence on Taiwan's chip

making factories. . .

Will Johnson do this to please Trump and

keep him in the graces when visiting

Mar-a-Lago?  -- remains to be seen . . .

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