Federal authorities are giving up to $75 million in federal tax dollars to a private company to help Georgia semiconductor manufacturing.
The money, part of the roughly $54 billion CHIPS Act of 2022, will go to Absolics, a subsidiary of South Korea’s SKC, to support the construction of a 120,000-square-foot facility in Covington. Officials said the project should create roughly 1,200 manufacturing and construction jobs.
Read More
President Joe Biden’s signature pieces of legislation are routing billions of dollars into swing states, but pundits are not convinced that the money will make much difference in November’s elections.
The bipartisan infrastructure law of 2021, the CHIPS Act and the Inflation Reduction Act (IRA) have cumulatively routed billions of dollars to battleground states over the course of Biden’s first term. The Biden campaign is running swing state ads to promote the funding and projects that Biden’s legislative agenda has created, but state and national pundits told the Daily Caller News Foundation that the benefits are unlikely to be a decisive factor in states like Arizona, Michigan and Pennsylvania.
Read More