Happy Sunday by the way! This is not meant to be a divisive thread but a lot of conservatives uneasy about this one.
Removal of "NGO's" from receiving ANY tax dollars is the other major tax relief for us, but that can never happen, either, as it is the MAIN money-laundering scheme for ALL the politicians.
Point me to the Constitution where it provides for funding NGO's?
It is not illegal for the U.S. government to buy a stake in Intel; the U.S. government’s 10% equity stake in Intel, valued at $8.9 billion, was established through a recent agreement where Intel provided shares funded by grants already authorized under the CHIPS and Science Act. This move, while historically significant, was legally permissible within the framework of existing legislation, which provides for government funding and investments to bolster domestic semiconductor manufacturing.
Details of the Agreement
The U.S. government received a 9.9% stake, or approximately 433.3 million shares of Intel common stock. The investment of $8.9 billion was funded through outstanding grants from the CHIPS and Science Act and the Secure Enclave program, which had not yet been paid to Intel. The agreement aims to advance national priorities by strengthening the U.S. domestic semiconductor industry.
Legal Basis -—CHIPS and Science Act:
The agreement leverages funding and incentives authorized by the 2022 CHIPS Act, which provides billions of dollars in government funding for chip-related activities. Part of the funds for this investment also come from the Secure Enclave program, which supplies the Department of Defense with semiconductors.
Governance and Rights
Passive Investor: The U.S. government will not have a board seat or other governance rights in Intel, acting as a passive investor. The government has agreed to vote with the company’s board on matters requiring shareholder approval, with some exceptions.
Haha. Of course it is.
and just who are you to be a rep of any thing concervative, you being a loosertarian. no one has heard of this X author.