The Chips and Science Act of 2022 $52 billion to bolster the semiconductor industry and general $280 billion to compete against China. Here is some Information from the Commerce, Science and Transportation Senate Committee HERE. They are a little long and I sort of briefed them in review. You will want to read through yourself to understand the bill. It is important to be a knowledgeable citizen (Who says democracy doesn't required informed choices. This is one reason why we support Freedom of Press and Freedom of Speech.)
Its not the specifics of the legislation that is my main issue but the need for such types of legislation to push our innovative industries forward. That is if we want to be at the center of the Digital Era (...and likely the next platform of economic development) and advanced manufacturing we need to make our nation is the center of innovation and new products.
In other words, if we want to lead markets we need to be the best ROI return place on the planet (i.e. pack investing in clusters that can push things like semiconductors and associated industries forward. See innovative clusters.). Investors, entrepreneurs, and intellectuals/scientists come to the U.S. (i.e. Delta County Model) because they trust our values, infrastructure, institutions and they have a higher likelihood to succeed here based on actual performance (not nepotism). Such investment acts to help to push us to the center of the investment world by ensuring retention and development of local domestic talent (That can help, among other things, create a cycle of investment and development as seen in perpetual economic development. I know! I know! Another stupid idea!).
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