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ECONOMIC AND OTHER ISSUES – During his appearance before members of the National Federation of Independent Business on Thursday, U.S. Representative Bill Johnson, R-Marietta, commented on the recent passage of federal legislation providing grants and tax incentives for the manufacture of microprocessors and superconductors and other problems. –Warren Scott

STEUBENVILLE — During a visit with local members of the National Federation of Independent Business on Thursday, U.S. Representative Bill Johnson, R-Marietta, commented on recent legislation providing federal support for manufacturers of microprocessors and superconductors and other Questions.

Johnson said that although he has criticized Congress for overspending, he could support the Chips and Science Act because it will encourage domestic production of a vital component of devices ranging from appliances to used equipment. by the army.

“There’s nothing that has electricity going through it that doesn’t require microprocessors and semiconductors,” he told those who had gathered for the luncheon meeting in the Totino Room of the St. Joseph Center on the campus of the Franciscan University of Steubenville.

President Joe Biden is expected to sign the bill on Tuesday, which will provide up to $52 billion in government subsidies for the domestic production of computer chips and billions of dollars in tax incentives to those who invest in their manufacture.

Johnson called the bill “one of the most important pieces of legislation since the Second World War”, saying it will help buck the trend of digital components being produced largely overseas.

He said the United States once controlled their production, but is now only responsible for 9-12%.

Johnson said for computerized components used in equipment used for military defense and space exploration, among others, “We are almost totally dependent on the worst people in the world.”

He said officials at US manufacturer Intel had pushed for the legislation, telling them they had been assured of subsidies from other countries.

Of the billions in national grants pledged by Congress, Johnson said, “I didn’t like the price, but I’m not Intel.”

He said his belief that the bill would spur the development of technology industries in Ohio was reinforced by reports from Governor Mike DeWine and Lieutenant Governor Jon Husted that many existing businesses expect to provide support services for new technology companies in Buckeye State.

“That ($52 million) may be a drop in the bucket compared to the economic impact it will have on Ohio,” says Johnson.

The congressman was asked his opinion on the president’s proposed $80 billion investment in the Internal Revenue Service to hire about 80,000 additional workers to focus on tax evasion by the wealthy and big business.

Johnson dismissed the move as unnecessary, but said it would likely be approved because it is pursued through Congress’ budget reconciliation bill, which requires less support to pass.

Asked about a privacy policy for social media users, he said “Very complicated legislation” resolution of the matter is pending in Congress.

Johnson said state legislators in California have adopted their own policy, and it’s likely companies and others doing business with those in the Golden State will be required to comply.

Johnson said he doesn’t see the policy as appropriate for the nation as a whole, but needs it.

“We need a national data privacy policy that protects and empowers individuals,” he said.

A 26-year-old Air Force veteran and former lieutenant colonel, Johnson was asked about the readiness of the US military.

Johnson said he thought there was too much emphasis on diversity and inclusion within the ranks of the military, adding that he had never seen discrimination against minorities and other groups during his tenure. service.



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