Opinion: Congress’s $76 billion plan to help US chip makers is bad tax policy — and could turn into subsidies forever
Both the Senate and the House of Representatives have approved $52 billion in grants and $24 billion in tax credits that advocates say will strengthen the production of semiconductors in the US while increasing national security. Now US semiconductors SOX, +0.77% could join wool, mohair, helium, soybeans, ethanol, steel and credit unions as industries thought…
