Paine
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Quoting from a White House fact sheet on it won’t get you very far. We’re three years out from the legislation now and we can see that these rules that were “proposed” for companies getting money from CHIPS haven’t been fully followed.That's probably right. And that's what it did.
FACT SHEET: Two Years after the CHIPS and Science Act, Biden-Harris Administration Celebrates Historic Achievements in Bringing Semiconductor Supply Chains Home, Creating Jobs, Supporting Innovation, and Protecting National Security | The White House
Companies have announced $395+ billion in investments in semiconductors and electronics and the creation of over 115,000 jobs since President Biden andwww.whitehouse.gov
"CHIPS-funded projects are creating more than 115,000 construction and manufacturing jobs with over $250 million of CHIPS funding earmarked for local community workforce development, the use of which will be guided by local stakeholder input, including from academic institutions, training providers, and labor unions, and federal partners, including the Departments of Labor and Education. These projects will also pay construction workers prevailing wages, which ensures they earn family-sustaining wages and benefits, and include some of the largest Project Labor Agreements in history, establishing that the future of this industry in America will be built by union workers."
So why did Bernie join with the right wingers to oppose it?
How Much Will the CHIPS Act Help the Workers Who Make Them?
The Commerce Department’s standards don’t require companies receiving billions in public funds to allow their workers to unionize.
prospect.org
Bernie’s opposition to the bill (though I suspect he would’ve voted for it if it was in failure of not passing) was rooted in the fact that it was a giveaway to private companies at a time when many Americans were hurting post-COVID.
For the same amount of money, we could’ve done a lot more on that end. People see their child tax credit expiring while Intel gets billions of their tax payer dollars. Stuff like is is the very kind of stuff Trump was able to exploit in 2024.
Sanders specifically wanted a return on investment guaranteed to Americans since we are using American tax dollars. The money given via CHIPS shouldn’t go to further enriching CEOs and other executives, it should 100% go to investing in America and Americans.
That’s why Bernie voted against it. But you can easily Google this and see that.