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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 174.23

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sbfm

To: sbfm who wrote (195316)	8/23/2025 5:58:34 PM
From: GR8FORM	1 Recommendation of 197013

Interesting that comrade Bernie voted against the “bi-partisan” chips act calling it a blank check and a bribe to failing industry. Here is a Gemini response to sho voted against that bill and why the opposition. A significant portion of Republicans in both the House and Senate voted against the CHIPS Act, along with progressive Independent Senator Bernie Sanders. Key opposition arguments included concerns about "corporate welfare" for large companies and the bill's overall cost and scope. Key Figures and Reasons for Opposition Rep. Kevin McCarthy (R-CA): The House Minority Leader criticized the bill as a "blank check" for the semiconductor industry. Sen. Ted Cruz (R-TX): Opposed the bill because he believed direct cash payments to massive corporations invited corruption. Sen. Bernie Sanders (I-VT): A progressive who, along with many conservatives, derided the bill as corporate welfare and a "blank check". Rep. Brandon Williams (R-NY): Ran his campaign in 2022 against the CHIPS Act, labeling it a "corporate welfare package," though he later praised the resulting factory investment in his district. Key Arguments Against the Bill Corporate Welfare: Opponents argued that the bill provided excessive subsidies to already profitable companies. Cost and Scope: Some Republicans, including Senate leadership, felt the bill had become a "blank check" after last-minute changes expanded its scope. Cronyism: Concerns were raised that direct government funding to corporations could lead to corruption. Vote Breakdown House of Representatives: 187 Republicans voted against the bill, while 24 Republicans voted in favor. Senate: 17 Republicans voted for the bill, with the majority opposing it.

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