Top Senate Dem’s new tax idea gets torched as critics warn nearly every American could pay
The top Democratic lawmaker on the Senate Finance Committee has floated increasing taxes on data centers, a move critics say could raise costs on services used by practically all Americans.Sen. Ron Wyden, D-Ore., released a white paper proposal last week calling to end tax incentives for data centers and to impose an ongoing tax on data centers operating in the United States.
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The top Democratic lawmaker on the Senate Finance Committee has floated increasing taxes on data centers, a move critics say could raise costs on services used by practically all Americans.Sen. Ron Wyden, D-Ore., released a white paper proposal last week calling to end tax incentives for data centers and to impose an ongoing tax on data centers operating in the United States. Critics of Wyden’s proposal argue that the costs of the new tax could ultimately be borne by all Americans by increasing the costs of common services."This tax will be paid by anyone who uses the internet. A tax on data centers is a tax on your email, family photos, small business operations, cloud storage, and your Instagram, X, TikTok and Facebook posts," Americans for Tax Reform director of innovation technology James Erwin said.
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- What's the story?
- The top Democratic lawmaker on the Senate Finance Committee has floated increasing taxes on data centers, a move critics say could raise costs on services used by practically all Americans.Sen. Ron Wyden, D-Ore., released a white paper proposal last week calling to end tax incentives for data centers and to impose an ongoing tax on data centers operating in the United States.
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- 1 outlet, average source rating 6.0/10.
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Top Senate Dem’s new tax idea gets torched as critics warn nearly every American could pay
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