On Fox Business Network’s “Mornings with Maria,” which aired Thursday, Sen. Roger Marshall (R-KS) expressed support for increased “corporate benefit” spending in the CHIPS Act to try to bring semiconductor chipmakers back to the U.S. , and then backed tax increases for other manufacturers in the settlement bill, which would push them offshore.
“It’s just in their DNA that they like to spend money, they like to borrow money, they like to push inflation,” Marshall said. “That’s what Democrats do. But you’re right, this particular bill is going to push inflation and push inflation.” Killing jobs. Look, corporations don’t pay taxes. They collect taxes.”
He added that the CHIPS Act “is a corporate benefit. Why are we giving them a big break, a big break in some very successful industries? And then we’re turning around and there’s going to be a tax on other manufacturers. So we’re going to push companies Offshoring. I just think it’s hypocritical. I don’t think it’s good for the economy. Look, we need resources and bring manufacturing back to this country, not drive it away. I thought there was so much pork in the bill, it wasn’t going to work .”
Follow Ian Henchett on Twitter @ianhanchett