Date: July 28, 2022
Subject: Stealing from Taxpayers to Fund a Government-Favored Industry
Description: This bill, known as the "CHIPS Act," takes $250 billion from taxpayers to give to the government-favored semiconductor industry without necessary protections that would prevent Chinese linked firms from being the primary beneficiaries. CPAC does not believe the government should use taxpayer funds to support one industry over another.
Result: Agreed to, 243-187
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