Sanders Rebukes Senate for Crafting $50 Billion “Handout” to Microchip Industry

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Bernie Sanders slammed fellow members of Congress for crafting a bill to give major microchip companies $52 billion in corporate welfare while ignoring poverty, health care and climate issues.

Instead of focusing on things like renewing the expanded child tax credit, passing Medicare for All, upping teacher pay, or making higher education affordable, the Senate is focused on corporate handouts, Sanders said.

“So what is Congress doing right now, at a time in which we face so many massive problems?” he continued. “The answer is that, for two months, a 107 member conference committee has been meeting behind closed doors to provide over $50 billion in corporate welfare, with no strings attached, to the highly profitable microchip industry.”. The Vermont senator has been decrying this funding for months, saying that Bezos is one of the last people who needs an infusion of cash from taxpayers.

“For all of my colleagues who tell us how deeply, deeply concerned they are about the deficit… ‘Bernie, we don’t have the money to do that! We’ve got a big deficit!’ Well, what about the deficit when it comes to giving $52 billion in corporate welfare to some of the most profitable corporations in America?” he said. “I guess when you’re giving corporate welfare to big and powerful interests, the deficit no longer matters.

 

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