Professional sports teams and government officials promise tax revenue benefits when taxpayer subsidies are used to build new or renovation stadiums and arenas.
But those benefits consistently do not come to fruition, according to a report from the Tax Foundation.
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Chipmaking companies that receive U.S. taxpayer funding under the $280 billion CHIPS Act of 2022 will be able to do business with foreign countries like China after a 10-year waiting period, according to guidelines released by the U.S. Department of Commerce on Tuesday.
The legislation that President Biden signed last month was designed to build a domestic supply chain for computer chips, used for electronic devices and vehicle technology, as a way to reduce reliance on other countries like China and Taiwan.
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