Red tape shackles business
Last updated 7/13/2023 at 8:51am
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...