Senate Finance Panel’s Top Dem Proposes Excise Tax on New Data Centers

Proposed Data Center Tax Sparks Warning Over Higher Internet and Cloud Costs

Sen. Ron Wyden is proposing new taxes on data centers, setting up a clash with President Donald Trump’s push to rapidly expand artificial intelligence infrastructure across the country.According to Fox News, Wyden, D-Ore., the top Democrat on the Senate Finance Committee, released a white paper calling for an end to tax incentives for data centers and a new annual tax on their gross receipts.Critics argue the proposal could reach far beyond the …

Top Senate Dem’s new tax idea gets torched as critics warn nearly every American could pay

NEWYou can now listen to Fox News articles! 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 propos…

PRC’s Climate Tax Hitting Consumers Nationwide

The People’s Republic Of California likes to spread the pain out to all Americans. Well, not the rich ones who can afford to pay extra while cruising in their big gas guzzling SUVs and private jets Gavin Newsom’s ‘hidden climate tax’ hitting Americans nationwide, lawmaker warns A California lawmaker is fighting back against an environmental...

Senate Finance panel’s top Dem proposes excise tax on new data centers

A new draft white paper from a top Senate Democrat proposes tax code updates that would shift incentives for data center construction. The paper, released on Aug. 6 by Sen. Ron Wyden, D-Ore. — ranking member of the Senate Finance Committee — proposes changing the incentives that could spur more data center construction amid the national boom in a bid to offset consumer burdens associated with more data centers.  Wyden’s framework hinges on two c…

Gavin Newsom's 'hidden climate tax' hitting Americans nationwide, lawmaker warns - NEW YORK TIMES POST

NEWYou can now listen to Fox News articles! A California lawmaker is fighting back against an environmental regulation that he says is raising costs for Americans across the country via a “hidden tax” on a variety of goods. Rep. Vince Fong, R-Calif., is leading legislation to roll back a Biden administration-era regulatory rule that effectively allows California to levy massive cost penalties on shipping vessels docked in its ports. “It’s a mass…

Gavin Newsom's 'hidden climate tax' hitting Americans nationwide, lawmaker warns

California Rep. Vince Fong is leading legislation to roll back an EPA-authorized vessel at berth regulation that levies shipping penalties on cargo ships docked at California ports.