"Semiconductors, Taxes, and Vegas: A Recap of Biden's Latest Moves"

President Biden's $600 billion proposal to address the high cost and short supply of child care has not garnered enough support in Congress, so his administration is using a workaround by requiring semiconductor manufacturers applying for more than $150 million in CHIPS funding to come up with a plan to provide affordable child care for their workers. The CHIPS and Science Act provides $39 billion in federal incentives for semiconductor manufacturers to build new fabrication plants in the U.S. The move is aimed at expanding the labor force by ensuring affordable child care. However, child care advocates feel that this workaround is a consolation prize and not what they have been hoping for.