Senator John N. Kennedy of Massachusetts voted against a $290 billion plan that received bipartisan passage this week to subsidize technology companies’ manufacturing and increase spending on scientific research. “These are extraordinary American companies that Congress just helped,” Kennedy said in an interview. “But they’re very profitable, and the supply of chips is growing. My concern is the amount of money. For that amount, we could have doubled the R&D tax credit for every company in America.”
Kennedy, a Madisonville Republican, is standing for re-election this year. His three Democratic opponents in the primary all stated they supported the plan, which attempts to counter China’s booming high-tech economy by supporting domestic manufacturing.
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On national security, jobs, and the rising cost of basics like the family automobile, Sen. Kennedy had the CHIPS Act to choose between siding with China or the American people.” Gary Chambers Jr., a Baton Rouge social justice activist, stated in a statement that Kennedy chose China. By voting against this bipartisan investment in American-made semiconductors, my opponent voted NO to lowering consumer goods prices, creating thousands of manufacturing jobs in the United States, and strengthening our standing as a technologically advanced powerhouse at home. No one should be surprised by this. “
Countered Kennedy: “I’ve heard the argument about the China threat. I get that. People say it’s an investment, not spending. But I fear we’ve entered a period of stagflation. For obvious reasons, we need to freeze our spending of what’s in the budget and spend extra money only on defense.”
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Sen. Bill Cassidy was one of 17 Republicans who voted yes on the CHIPS Act.
A former Navy fighter pilot who now flies for Delta Air Lines and lives in Baton Rouge remarked of Senator Kennedy, “He talks a lot, but he doesn’t get anything done.” “He had the chance to reduce expenses for Louisianans, generate excellent employment in the United States, minimize our reliance on foreign countries, and boost our national security. Nevertheless, he once again opted for partisanship over the interests of our state and country. Sen. Cassidy and I would have worked together to pass the CHIPS Act.”
Syria Steib, the executive director of a New Orleans-based group dedicated to providing post-release assistance to female offenders, also took issue with Kennedy’s remarks.
She questioned, “Why does Sen. Kennedy continue to vote against legislation that would immediately enhance our state and national economy and supply chain? “. Chips Act will bring semiconductor manufacturing to the United States and stimulate R&D while alleviating some of our present supply chain difficulties.”