Why laws meant to create jobs can be so destructive to our cities

Source: Niskanen Center
by Nathan Jensen & Stephen Pedigo

“President Biden and Vice President Harris recently announced their re-election campaign, with the president saying ‘Let’s finish this job.’ Among the accomplishments they will be running on are the CHIPS and Science Act and the Inflation Reduction Act, which are designed to help the nation restore its domestic supply chain for semiconductors, promote renewable energy and improve climate resilience. This legislation may be necessary and will yield benefits and jobs for years to come, but it has had an unintended consequence, which is to trigger an expensive incentive war between localities — with taxpayer money as the sweetener for corporations.” (05/16/23)