Trump Calls for Getting Rid of Chips Act Funding

A ‘CHIPS for America’ lapel pin. (Melissa Lyttle/Bloomberg News)

President Trump reiterated claims that the 2022 Chips Act is a bad deal, calling on Congress to get rid of funding from the law to reduce the deficit.

“Your Chips Act is a horrible, horrible thing,” he said to Democrats.

The law had bipartisan support, so Trump’s comments put many Republicans who pushed for the Chips Act in a potentially awkward position. Back in 2022, 17 Senate Republicans joined a nearly unanimous Democratic caucus in favor of the law. In the House, 24 Republicans backed the measure.

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