"Build back better" turned into a recession, skyrocketing gas and grocery prices, the second-largest bank collapse in US history, and a $100 billion proxy war with nuclear-armed Russia. pic.twitter.com/0rlmU1ifKR— kanekoa.substack.com (@KanekoaTheGreat) March 12, 2023
Believed in the CHIPS subsidies? More fool you
The Biden administration has announced it will require companies winning funds from its $52-billion U.S. semiconductor CHIPS manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare.
The Commerce Department on Tuesday released its plans to begin accepting applications in late June for a $39-billion manufacturing subsidy program. The law also creates a 25% investment tax credit for building chip plants, estimated to be worth $24 billion.