U.S. Rep. John Rose Votes “No” on Corporate Welfare for Semiconductor Industry

Washington, DC—Today, U.S. Rep. John Rose voted “No” on H.R. 4346, the Chips Plus Act, which includes $76 billion in spending and tax breaks to boost domestic semiconductor manufacturing and would also authorize another $200 billion for the National Science Foundation, National Institute of Standards and Technology, and the Energy and Commerce Departments.

U.S. Rep. John Rose (TN-6) released the following statement:

“Washington’s idea of solving a problem is to throw money at it and hope it works. Although I believe it is important that we make chips in the United States, I do not believe giving billions of taxpayer dollars to an already profitable industry is the solution. As Tennesseans face record-breaking inflation and a slowing economy, Congress ought to come up with real, business-friendly solutions to encourage economic investment—not another step towards socialism and corporate welfare.”

U.S. Representative John Rose is currently serving his second term representing Tennessee's Sixth Congressional District and resides in Cookeville with his wife, Chelsea, and their two sons, Guy and Sam. The Sixth District includes Cannon, Clay, Coffee, Cumberland, DeKalb, Fentress, Jackson, Macon, Overton, Pickett, Putnam, Robertson, Smith, Sumner, Trousdale, White, and Wilson counties as well as portions of Cheatham and Van Buren counties. Representative Rose is an eighth-generation farmer, small business owner, and attorney, and currently serves on the House Financial Services Committee.