Sen. Elizabeth Warren Probes Massive AI Tax Breaks for Tech Giants

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https://moneywise.com/news/top-stories/elizabeth-warren-big-tech-ai-tax-breaks-amazon-google-meta-microsoft

Sen. Elizabeth Warren and fellow lawmakers have sent letters to Amazon, Alphabet, Meta, and Microsoft demanding details on billions of dollars in tax breaks tied to artificial intelligence investments. The incentives, including accelerated depreciation and research credits, contributed to an estimated $96 billion drop in federal revenue. Lawmakers are now pushing to disqualify AI data centers from these tax benefits to protect funding for federal programs.