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Sen. Warren: Big Tech's tax breaks could have covered benefits for millions of Americans

Data can paint a much starker contrast than words alone, and US Senator Elizabeth Warren (D-MA) appears to get that. On Friday, her office published numbers on Big Tech's tax breaks in Republicans' "Big Beautiful Bill." When compared with the benefits those sums could have provided for working families, it helps to fortify what some might otherwise dismiss as run-of-the-mill rhetoric.According to Sen. Warren, the bill's tax breaks for Microsoft alone will total $12.5 billion in 2026. When compared with the average cost of SNAP benefits, that sum could have provided food assistance to 5.2 million people. Or, it could have covered Medicaid for 1.6 million adults (or 3.8 million children), or lowered Affordable Care Act (ACA) premiums for 1.9 million Americans.Meanwhi [...]

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venturebeat
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venturebeat
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venturebeat
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Destination
Apple's €14.3 billion Irish tax break case is officially over

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Match Score: 53.64

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Match Score: 42.74

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Trump ends trade talks with Canada over a digital services tax

President Donald Trump said the US is ending trade talks with Canada, effective immediately, over a tax on digital services that will impact American tech companies. He also pledged to announce furthe [...]

Match Score: 39.55

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Destination
Democrats are investigating Trump crypto advisor David Sacks over a possible SGE violation

Senator Elizabeth Warren (D-MA) and Representative Melanie Stansbury (D-N.M.) are leading a group of congressional Democrats in investigating White House Special Advisor David Sacks for possibly servi [...]

Match Score: 38.37