Posted on 10/21/2021 2:05:44 AM PDT by blueplum
In an effort to combat the supply chain crisis and the rise of China’s economic influence, Rep. Chip Roy is introducing a bill to incentivize companies to bring their manufacturing back to the United States.
The BEAT CHINA Act — introduced on Wednesday — looks to push manufacturers producing goods abroad to move to the US by providing tax advantages to eligible companies.
Under the legislation, non-residential property purchases made by companies that shift their operations domestically would be “considered 20-year property instead of 39-year property,” which would make them eligible for full and immediate expensing.
The bill would also make full and immediate expensing permanent in addition to ,,,
(Excerpt) Read more at nypost.com ...
Seriously. We cannot make chips in the USA ?
How far we have fallen.
Not even potato chips?
Common sense...forget it...
Only one cell phone made entirely in the USA. Starts at $1,999.00.
Intel and TSMC are both building massive chip fabs in the Phoenix area.
I didn’t know that. I hope this ends the “chip” problem.
I can believe that.. i am seeing entry level workers hourly at $20.00. Minimal work schedule with weeks and weeks of time off for this and that.. just get a doctor to put you out for a headache. 12 weeks.
Anything but an honest days work for an honest days pay.
Giant chip plant being built now and has already expanded to more buildings here in Marcy, NY. Boy could we use the jobs here! (Posted this on another forum)
Add to that the guberment regs, environmental BS and you will see why the companies moved offshore in the first place.
Time they get done a toaster will cost more that a new pickup now.
How about seizing and reselling every square inch of Chinese owned property in this country?
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