The Senate has voted to advance a bill to provide as much as $76 billion in corporate subsidies to companies making semiconductor chips in the United States. Senator Bernie Sanders said he supported expanding domestic microchip production but opposed subsidizing the industry.

Sen. Bernie Sanders: “Should American taxpayers provide the microchip industry with a blank check — blank check — of over $76 billion at the same exact time when semiconductor companies are making tens of billions of dollars in profits and paying their CEOs exorbitant compensation packages?”