Commentary
NEW YORK—It’s rare that one would find socialist Sen. Bernie Sanders (I-Vt.) and conservative Fox News commentator Steve Moore on the same side of an issue, let alone legislation, but the CHIPS bill, expected to go before the Senate next week, is just such an instance.
I happily oppose both of them, though Moore more so than Sanders.
The Creating Helpful Incentives to Produce Semiconductors for America Act, or the CHIPS for America Act (HR 7178), provides a wide variety of incentives and grants to support domestic chip production, innovation, and expertise. (See this link for specific details.) The Congressional Budget Office (CBO) has scored the cost of the bill at $79 billion over nine years, to 2031….