Red tape shackles business

 

Last updated 7/11/2023 at 8:39am



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...



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