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Did President Biden Just Save the CHIPS Act From Trump?
The president just secured a $6.6 billion deal to build factories in Arizona—setting up a showdown when Trump, who is vehemently opposed to the key pillar of Biden's economic program, takes office.
The Arizona deal is the biggest such foreign investment in U.S. history, according to the White House, and its finalization means that the government is obligated to follow through with its funding promises to TSMC, making it very hard, if not virtually impossible, for Trump to scuttle the CHIPS Act. This shouldn’t come as a surprise, though, as Johnson seems to have had no problem cozying up with Trump, a rapist who was convicted of 34 counts for falsifying business records to conceal hush-money payments made to keep an adult film actress quiet about his own extramarital affair. “Florida deserves a Senator who will help President Trump deliver on his election mandate, be strong on immigration and border security, take on the entrenched bureaucracy and administrative state, reverse the nation’s fiscal decline, be animated by conservative principles, and has a proven record of results.”
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