Washington (AP) — Bill to boost semiconductor production In the United States, we’ve done something almost unthinkable — link financially conservative rights with Democratic Senator Bernie Sanders.
Bill passing the Senate teeth Biden administration’s top priorities.. This will add approximately $ 79 billion to the deficit over a decade, primarily as a result of new grants and tax incentives to subsidize the costs borne by computer chip makers when building or expanding chip factories in the United States.
Proponents say countries around the world are spending billions of dollars to seduce chip makers.The United States must do the same, or risk losing Safe supply Of semiconductors that power some of the country’s automobiles, computers, appliances, and some of the military’s state-of-the-art weapons systems.
Sanders, I-Vt. , And a wide range of conservative lawmakers believe that think tanks and media outlets have different perspectives. For them, it is “corporate welfare.” This is the latest example of how to scramble a regular partisan line and create an ally with little agreement on the left and right by using taxpayer dollars to support the private sector. They position themselves as defenders. Of a little guy against a strong stakeholder group lined up in a public valley.
Sanders said he hadn’t heard from people about the need to support the semiconductor industry. Voters tell him about climate change, gun safety, protecting women’s rights to abortion, and strengthening social security benefits, to name just a few.
“Not many people I can remember — I was all over the country — say:’Burney, you get back there and get the job done, and you get an exorbitant reward package for their CEO. Gives a company with huge profits to pay, billions of dollars in corporate welfare, “said Sanders.
Sanders voted against the original semiconductor and research bill that passed the Senate last year. He was the only senator to join 31 Republicans and trigger a Democratic rally to oppose the bill.
Sanders wants spending elsewhere, but some Republican senators want to stop spending. Republican Senator Mike Leigh said the spending would encourage inflation, which is hurting the poor and the middle class.
“The poorer you are, the more you suffer. Even those who are firmly established in the middle class are pretty gouged. Why do we want to rob them of money and give it to the wealthy? Is beyond my ability to understand, “Lee said.
Conservative forces such as The Wall Street Journal’s editorial board, The Heritage Foundation, and Tea Party group Freedom Works are also opposed to the bill. Walter Roman, director of the Heritage Foundation’s Center for Asian Studies, said:
Opposition from the far left and far right is Republican support for Senate leader Chuck Schumer (DN.Y.) and Speaker of the House Nancy Pelosi (D-Calif) to submit a bill at the finish line. Means you need. Overcoming filibuster requires the support of at least 11 Republican senators. The final vote on the bill is scheduled for next week.
A likely Republican supporter is Senator Mitt Romney of R-Utah. Asked about Sanders’ discussion of the bill, Romney said the United States must join the club when other countries subsidize the production of high-tech chips.
“If they don’t play the way they play, they won’t make high-tech chips, and they’re essential to our defense and economy,” Romney said.
The most common reason for lawmakers to subsidize the semiconductor industry is the risk to national security by relying on foreign suppliers, especially after a pandemic supply chain problem. According to, almost four-fifths of the world’s manufacturing capacity is in Asia. Congressional Research ServiceSouth Korea is classified by 28%, Taiwan by 22%, Japan by 16%, and China by 12%.
Secretary of Commerce Gina Raimondo said on Sunday at CBS, “To be honest, I wish I didn’t have to do this, but France, Germany, Singapore, Japan and these other countries have CHIP companies. We provide incentives to build there. ” “Face the Nation”
“We can’t afford to be in this vulnerable position. We need to protect ourselves,” he said.
If some progressives join Sanders and most Republicans line up in opposition based on financial concerns, the window for passing the bill to the House of Representatives is narrow. The White House says the bill must pass by the end of the month as the company is currently making decisions about where to build it.
Speaker of the House Nancy Pelosi (D-Calif) told members of the United Auto Workers in Michigan on Friday that she felt “very confident” that the bill would pass the House of Representatives. ..
“Before we got here from the airport, we were told that there was important Republican support on the House side,” Pelosi said. “We appreciate the transpartisan nature of the bill.”
Two major parliamentary groups, Problem Solverscaucus and New Democrat Coalition, have recently approved this measure.
The problem solver Caucus is made up of members from both parties. Republican co-chairman Brian Fitzpatrick of Pennsylvania said Intel wants to increase chip capacity in the United States, but much of that capacity will go to Europe if Congress doesn’t pass the bill. right.
“If a semiconductor bill is submitted, it will pass,” Fitzpatrick said.
D-Wash Rep. Derek Kilmer said he believed the law was checking many boxes for his members, including inflation, which was a front-line issue at the time.
“This is to reduce inflation. Looking at inflation, one-third of inflation in the last quarter was in the car, due to a lack of chips,” Kilmer said. Two with the United States, about cost reduction “
Semiconductor Bill Unites Sanders Right — Opposition | Tech Talk & Innovation
Source link Semiconductor Bill Unites Sanders Right — Opposition | Tech Talk & Innovation