Steve July 20, 2022
sanders-files-amendment-to-limit-$76-billion-in-‘corporate-welfare’-for-microchip-industry

“If private companies are going to benefit from generous taxpayer subsidies, the financial gains made by these companies must be shared with the American people, not just wealthy shareholders.”, Sen. Bernie Sanders on Tuesday introduced an amendment that would impose restrictions on the billions of dollars in federal subsidies and tax credits that Congress is poised to hand to the profitable U.S. microchip industry, which has been lobbying aggressively for the handouts.Sanders’ proposed changes to the CHIPS Act, which cleared a key procedural hurdle in the Senate Tuesday evening, would prohibit companies that receive subsidies under the bill from,2022-07-20 10:23:00,Read More

from Common Dreams