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One Day Congress Subsidizes Microchip Producers – The Next It Whacks Them With New Taxes

We mentioned yesterday that manufacturers get killed under the new corporate tax in the Manchin-Schumer plan. One of those industry groups is the semiconductor manufacturers. Wait. The Chips Bill passed last month gives $50 billion to companies like Intel and Samsung and now this hits them with a new annual tax estimates to cost the industry nearly $2 billion a year. The left hand of the government gives, and the right hand takes away.

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