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Trump Calls for Repeal of Chips Act in Address to Congress
Posted
March 6, 2025
Views
2,155
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March 6, 2025
2,155
33
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1.90%
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2:08Now PlayingSpeaking to a joint session of Congress Tuesday night, President Donald Trump called for the repeal of the 2022 Chips Act to applause from congressional Republicans, including those whose states have benefited.
“Your Chips Act is a horrible, horrible thing,” Trump said, imploring House Speaker Mike Johnson to get rid of the legislation and use “whatever is left over” to “reduce debt or any other reason.”
Republicans control both chambers of Congress. But a slim House majority, plus an expected Senate filibuster, would make a repeal politically difficult. The legislation has drawn investments to Republican strongholds, such as Ohio and Texas, as well as Schumer’s home state of New York.
The president has consistently derided a program he characterizes as a waste of government funds, arguing tariffs would achieve the same outcome while filling coffers. On Tuesday, he pointed to the $100 billion in new investment planned by TSMC in the US as evidence of the power of tariffs.
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