Wednesday, July 27, 2022

Sanders Shreds Big Tech's $76 Billion 'Corporate Welfare' Payday in CHIPS Act

"Not only would this bill be providing corporate welfare to profitable American corporations, but we would literally be handing over U.S. taxpayer dollars to corporations that are owned or controlled by other countries," he continued. 
 "If private companies are going to benefit from generous taxpayer subsidies, the financial gains made by these companies must be shared with the American people, not just wealthy shareholders," Sanders added. "In other words, if microchip companies make a profit as a direct result of these federal grants, the taxpayers of this country have a right to get a reasonable return on that investment."
"Bottom line: Let us rebuild the U.S. microchip industry," he argued, "but let's do it in a way that benefits all of our society, not just a handful of wealthy, profitable, and powerful corporations."


No comments:

Post a Comment








Click Older Posts above to see more.