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| to biden`s credit , he did not rescind trump`s tariffs. also to biden`s credit, he followed through with TRUMP`S Chip Act check the date on when the chips act was introduced by congress and who was president until january 6th 2021 :-) :-)
btw, what lowered the TRADE deficit was bidenomics destroying the middleclass`s buying power, even dollar general stores are folding up. Americans cant afford even the cheapest of china junk after the last 3 1/2 years. that`s is NOT the first choice of how to lower the trade deficit (inflating the US consumer`s currency).
H.R.7178 - CHIPS for America Act
116th Congress (2019-2020)
Shown Here:
Introduced in House (06/11/2020)
Creating Helpful Incentives to Produce Semiconductors for America Act or the CHIPS for America Act
This bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security.
Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026. The bill also establishes a trust fund to be allocated upon reaching an agreement with foreign government partners to promote (1) consistency in policies related to microelectronics, (2) transparency in microelectronic supply chains, and (3) alignment in policies towards nonmarket economies.
The Department of Commerce shall, through the National Institute of Standards and Technology (NIST), carry out a program of research and development investment to accelerate the design, development, and manufacturability of next generation microelectronics, including through the creation of a Manufacturing USA institute for semiconductor manufacturing. Commerce shall also establish a program to match state and local government incentives offered to private entities for the purposes of building fabrication facilities relating to semiconductor manufacturing. Further, Commerce shall assess the capabilities of the U.S. industrial base to support the national defense in light of the global nature of supply chains and interdependencies between the industrial bases of the U.S. and foreign countries with respect to the manufacture and design of semiconductors. | |
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Soybeans
