HR 4346 – Cashing in the CHIPS: No

HR 4346 – Cashing in the CHIPS: No. Many years ago, the last silicon chip manufacturer closed its operations in Silicon Valley because of the high tax, energy and regulatory costs of doing business in the United States. Now we've suddenly decided we want them back. Instead of addressing the problem by reducing the obstacles to domestic manufacturing, Congress will shell out $280 billion (about $2,240 per family) to bail out impoverished big tech moguls by substituting your dollars for theirs. There's a prevailing wage requirement to reward the unions, and just so the green left isn't left out, there's plenty of your money left over to finance green energy scams as well. Starving big tech executives thank you for your family's generous contribution to their welfare. Good luck affording your next laptop.