Is a Bidenomics Manufacturing Policy in Progress?

摘要

As I write this column in August, President Joe Biden has just signed two massive bills-the CHIPS and Science Act of 2022, which creates $52.7 billion in federal incentives to spur semiconductor manufacturing in the United States, and the Inflation Reduction Act, a slimmed-down version of his climate and health proposals. That second piece of legislation offers tax breaks for electric vehicles and supports multiple green-energy initiatives. The new laws establish an industrial policy for the United States, something that some in the manufacturing community have been urging for decades. Bidenomics imagines America as a leading user of manufacturing technology with dominant positions in the administration's picks for industries of the future-green energy and connected, smart devices.