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Waste of the Day: Biden Hasn’t Mentioned Full Cost of Micron Grant



Biden, wearing sunglasses, standing at podium with three American and three Presidential flags hanging behind him.

Topline: President Joe Biden and Sen. Chuck Schumer (D-NY) have proudly been touting the $6.1 billion grant the U.S. will provide for Micron Technologies to build computer chip factories in New York and Idaho. That’s the dollar figure in the White House’s press release and in the Associated Press article about the investment.

Micron will cost much more than advertised

But a new analysis from found the factories will actually cost taxpayers over $20 billion in subsidies and tax credits from federal, state and local governments.

Key facts: The grant comes from Biden’s 2022 CHIPS and Science Act, which directed $52.7 billion of its $280 billion price tag toward semiconductor manufacturing.

The same law gives chip manufacturers a 25% tax credit on their expenses for buildings and machine to make semiconductors.

Waste of the Day: Biden Hasn’t Mentioned Full Cost of Micron Grant
Waste of the Day 7.5.24 by Open the Books

Micron will spend $100 billion over two decades on its factory complex in Clay, N.Y., which will create 49,000 jobs, according to the AP. Another facility in Boise, Idaho will cost $15 billion and create 17,000 jobs. For every dollar that Micron spends on chip-making, 25 cents will come out of taxpayers’ wallets.

Micron will also receive $2 to $3 billion in job creation tax credits from New York and save billions more on sales taxes, according to


New York also plans to match Micron’s $250 million investment in “workforce development and community priorities.” Supporters point to a state study that shows the factories will bring a $17 billion boost to the New York economy.

In Idaho, the company will benefit from reduced state taxes.

Micron will also receive a $7.5 billion low-interest loan from Washington.

The final tax credits will be listed on Micron’s private tax returns, so the public may never know the exact dollar cost of all the incentives.

To eclipse the grant made to Intel

Search all federal, state and local government salaries and vendor spending with the AI search bot, Benjamin, at


Background: The largest CHIPS Act grant so far gave Intel $8.5 billion to open factories in Arizona, New Mexico, Ohio and Oregon.

The program is meant to incentivize technology companies to hire American workers instead of moving their production overseas.

But when at least some of the CHIPS Act investments inevitably fail, it will be easy for CEOs and politicians to argue that the damage can be undone with more time and more cash. After all, it’s not their money that’s on the line; it’s taxpayers’.

Summary: Why should a private company get billions in public subsidies and tax credits? At the very least, politicians should be honest about the true dollar figure.

The #WasteOfTheDay is brought to you by the forensic auditors at


This article was originally published by RealClearInvestigations and made available via RealClearWire.

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Adam Andrzejewski (say: Angie-eff-ski) is the CEO/founder of Before dedicating his life to public service, Adam co-founded HomePages Directories, a $20 million publishing company (1997-2007). His works have been featured on the BBC, Good Morning America, ABC World News Tonight, C-SPAN, The Wall Street Journal, The New York Times, USA Today, FOX News, CNN, National Public Radio (NPR), Forbes, Newsweek, and many other national media.

Today, is the largest private repository of U.S. public-sector spending. Mission: post "every dime, online, in real time." In 2022, captured nearly all public expenditures in the country, including nearly all disclosed federal government spending; 50 of 50 state checkbooks; and 25 million public employee salary and pension records from 50,000 public bodies across America.

The group's aggressive transparency and forensic auditing of government spending has led to the assembly of grand juries, indictments, and successful prosecutions; congressional briefings, hearings, and subpoenas; Government Accountability Office (GAO) audits; Congressional Research Service (CRS) reports; federal legislation; and much more.

Our Honorary Chairman - In Memoriam is U.S. Senator Tom Coburn, MD.

Andrzejewski's federal oversight work was included in the President's Budget To Congress FY2021. The budget cited his organization by name, bullet-pointed their findings, and footnoted/hyperlinked to their report.

Posted on YouTube, Andrzejewski's presentation, The Depth of the Swamp, at the Hillsdale College National Leadership Seminar 2020 in Naples, Florida received 3.8 million views.

Andrzejewski has spoken at the Columbia School of Journalism, Harvard Law School and the law schools at Georgetown and George Washington regarding big data journalism. As a senior policy contributor at Forbes, Adam had nearly 20 million pageviews on 206 published investigations. In 2022, investigative fact-finding on Dr. Fauci's finances led to his cancellation at Forbes.

In 2022, Andrzejewski did 473 live television and radio interviews across broadcast, major cable platforms, and radio shows. Andrzejewski is the author of The Waste of the Day column at Real Clear Policy. The column is syndicated by Sinclair Broadcast Group, owners of nearly 200 ABC, NBC, CBS, and FOX affiliates across USA.

Andrzejewski lives in Hinsdale, Illinois with his wife Kerry and three daughters. He is a lector at St. Isaac Jogues Catholic Church and has finished the Chicago Marathon eight times (PR 3:58.49 in 2022).


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