Biden And Pelosi Giving Money To Who?

You may have already heard that House Speaker Nancy Pelosi recently purchased shares of several computer chip companies ahead of a vote that would give billions of dollar to computer chip companies to help fix the current shortage here in the United States.

Well, now it turns out that Pelosi’s stock market trade isn’t the only bad thing about this new bill.

Now Republican Senator Marco Rubio has warned that this new bill will send billions of American dollars to China which is something that Americans are not pleased to hear.

According to Fox, Rubio explained, “I’d say two things. The details of these bills matter. I want people to understand we need to make semiconductors in America. We’ll never be able to do it if we don’t help, because these companies that we’re competing against are subsidized by the Chinese government. So they’re going to undercut us no matter what we do. The problem with this bill is, number one, it has a massive loophole in it that would allow companies to continue to take taxpayer money and build chips in China.”

Rubio then added, “And number two is it had weakened all the protections. So they’re already stealing our research and development. Now they’ll just be able to steal more of it because there’ll be more of it available for them to steal. So I tell everybody, I tweeted it this morning, people will remember that tweet in the future. When the stories start coming out about how companies that are getting taxpayer money have been allowed by commerce to continue to build chips in China, or when the stories come out about how we increased our investment in semiconductors and China stole that investment, people will remember this bill. I wanted to support this bill, but I can’t support a bill that has those loopholes in it. I just can’t.”