Trump tells Congress to undo Sen. Todd Young's CHIPS Act during State of the Union. Here's why

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Wed, March 5, 2025

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Trump tells Congress to undo Sen. Todd Young's CHIPS Act during State of the Union. Here's why

^{Published on 2025-03-05 11:40:37 - MSN}

President Donald Trump, in his first State of the Union address since his return to the White House, called for Congress to undo the CHIPS and Sciences Act, major legislation championed by Indiana U.S.

During his State of the Union address, former President Donald Trump criticized the CHIPS and Science Act, urging Congress to repeal it. The Act, which was championed by Senator Todd Young and signed into law by President Joe Biden, aims to boost domestic semiconductor production through significant investments and tax incentives. Trump's opposition stems from his belief that the Act represents excessive government spending and intervention in the market, potentially leading to corruption and inefficiency. He argued that such initiatives should be driven by private sector innovation rather than government subsidies. This stance reflects Trump's broader economic philosophy of reducing government involvement in business, despite the bipartisan support the CHIPS Act received for its potential to enhance U.S. technological competitiveness and national security.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/trump-tells-congress-to-undo-sen-todd-young-s-chips-act-during-state-of-the-union-here-s-why/ar-AA1Aj0s7 ]

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