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Secretary of Commerce Gina Raimondo listens as national security adviser Jake Sullivan speaks at a virtual meeting with President Joe Biden, CEOs, and labor leaders on the CHIPS for America Act in the Eisenhower Executive Office Building, next to the White House in Washington on July 25, 2022. Brendan Smialowski/AFP/Getty Images
Congress and the Biden administration are gearing up a bloated Creating Helpful Incentives to Produce Semiconductors for America Act, but the CHIPS for America Act runs the real risk of chipping away at America’s economic freedom and competitiveness, rather than enhancing it.
Anthony B. Kim is a research fellow in economic freedom at The Heritage Foundation, editor of the Index of Economic Freedom, and manager of global engagement for Heritage’s Margaret Thatcher Center for Freedom.
