U.S. Speaker of the House, Mike Johnson, faced criticism after suggesting Republicans might repeal the CHIPS and Science Act during a campaign event for a New York GOP congressman. The act, credited with boosting U.S. semiconductor production and creating jobs, faced scrutiny following Johnson’s remarks that he later retracted, stating the act wasn’t slated for repeal but could be streamlined to remove costly regulations. His comments surfaced during a visit to a district expecting a new Micron semiconductor plant, funded partly by $6.1 billion from the act. Democrats seized on Johnson’s statement as evidence of a conservative agenda threatening popular programs. Vice President Kamala Harris and other Democrats emphasized the act’s success in spurring significant investments and job growth. Johnson’s misstep echoed previous gaffes, including comments on repealing parts of the Affordable Care Act, signaling challenges he faces balancing Trump’s influence with the GOP’s campaign efforts. Amidst the backlash, Democrats are highlighting these missteps as they work to attract votes from areas reliant on manufacturing jobs. The CHIPS Act has supported 23 projects across 15 states, aiming to enhance U.S. competitiveness in advanced chip production. Critics like New York’s Gov. Kathy Hochul and Democratic spokespeople argue that repealing the act would jeopardize thousands of jobs and vital economic growth.
Original Story https://www.cnbc.com/2024/11/02/house-speaker-johnson-says-gop-may-try-to-repeal-chips-act-then-walks-it-back.html
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