Investments

One of the major differences between the Trump and Biden economic plans can best be seen by examining the two major accomplishments in the Biden administration. The CHIPS Act is a U.S. law passed in August 2022 that provides incentives to boost domestic semiconductor manufacturing and research. It allocates approximately $52.7 billion in subsidies and tax credits for chip production and invests over $200 billion in research for areas like AI, quantum computing, and robotics Under Trump private companies like Amazon, Meta and Microsoft are investing over one trillion dollars. The $1.2 trillion dollar infrastructure bill passed in November 2021 has bogged down because Spending from the infrastructure bill is slow due to a combination of factors including inflation, high costs for labor and materials, and complex regulatory hurdles like zoning and environmental reviews As of early 2025, the Biden administration has announced over $695 billion in funding from the Bipartisan Infrastructure Law for more than 74,000 projects. However, the amount actually spent is significantly less. Some reports indicate that only about $125 billion to $186 billion has been spent. Trump has solicited many trillions from foreign countries to be invested in the US. When the government spends money on the economy it creates inflation but not so when foreign governments invest. It is the difference between government and private money.