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Season 3, Episode 157

The CHIPS Act will help the automotive industry

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Guest Name:

Josh Nasser

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uaw.org

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United Auto Workers (UAW) Legislative Director Josh Nasser appeared on the America’s Work Force Union Podcast and explained how federal legislation will affect the automotive industry.

Nassar explained how the recently passed CHIPS and Science Act will eventually help end the nationwide semiconductor shortage. Once the chip plants are up and running, the bill will benefit the auto industry, which relies heavily on semiconductors.

The U.S. House of Representatives will soon vote on the Inflation Reduction Act. Nassar claimed the bill, once passed, will not tax the middle class; it will only affect corporate CEOs and the rich. 

From the perspective of the automotive industry, the Inflation Reduction Act will not be as beneficial as he hoped. Many electric vehicles (EVs) will not qualify for the tax credit - due to the bill’s language. Domestic car manufacturers will be able to sell some EVs, but there is a cap on the tax credits.

Listen to the interview to learn more about these topics.


America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.

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