I think the title should say, Semiconductor Industry Association (A lobbying group) backs Trump's tax reform plan.
I am not so sure how well the SIA aligns with the views of semiconductor companies today, in comparison to when they were founded in the early 80s.
Anyone happy with the tax cuts is not rational, or human. Destroy the nation for short term gains and ... après nous le déluge.
For the last 50 years corporations have been gaining leverage and taking from the people. It worked for so long because of women joining the work force but now we are getting to a breaking point and the country will be destroyed without major changes. For a functional society and economy, corporations need to pay much higher taxes. You can't sell your product to people that can't afford it.
Technological progress will make it much worse with fewer and fewer jobs and on top of that you got fewer and fewer people per household leading to higher per capita costs. Add ever increasing education and healthcare costs, decaying infrastructure and, sure why not, let's just bleed it dry and dispose of the carcass, that's a business model too.
Manufacture, or making things, is the reason for Engineering. Without Manufacture, Engineering is not needed. In the long run, those who manufacture most competitively will, as a result, develop the best Engineers.
For the last 15 years, the US has outsourced Manufacture to cheaper sources in order to increase their profits. Steve Jobs has famously stated that those Manufacture jobs will not return. If Jobs is correct, those Engineering jobs required to Manufacture will also not return.
Will tax reform reverse this?