Washington, D.C. — Republican Senator Chuck Grassley admits it’s rare he and Independent Senator Bernie Sanders agree on legislation, but they’re in accord on the computer semiconductor bill due for a final vote this week.
Grassley says the so-called CHIPS bill is nothing less than “corporate welfare,” and it’s not the same as the measure that he supported last year.
Some provisions that were provided for in the earlier legislation have been accomplished, according to Grassley.
Backers say CHIPS is designed to bolster US production of computer semiconductors and to level the playing field with China, but Grassley disagrees.
Grassley says what was originally going to be 52 billion dollars in subsidies has ballooned to be 270 billion. Grassley outlined in a tweet that this plan, continuing to send taxpayer money there, would be idiotic, as it is just a huge government handout to massive, far-profitable companies.
