NEW: At least 10 states lose over $100 million per year in tax revenue to data centers. The loss of revenue is surely worse than we can yet document — of the 32 states with data center tax incentives, 12 fail to disclose even *aggregate* revenue losses. 👇🏾
https://t.co/LpeA2ycex2
The Sierra Club Georgia Chapter calls for a statewide moratorium on new data center construction in Georgia, to add guardrails and citing runaway tax breaks impacting local budgets.
https://t.co/GnLzLjNQu4
Things Walmart has patented:
🐟 Put tuna in your cart, pay more for mayo
🎟️ Coupons withheld if you’re 90%+ likely to buy anyway
😤 Refunds scaled to how much of a fuss you’ll make
🚗 A camera that reads your car’s suspension to guess how much you bought
Georgia schools will lose roughly $300 million this year because of tax breaks for data centers, according to new data from @GoodJobsFirst. (Published in partnership with @AJC) https://t.co/HsXkMg3vBW
Two neighbors live less than 2,000 feet apart.
One pays up to $500/month for electricity. The other averages $130.
One has investor-owned National Grid. The other, a municipal utility.
@PopovichN and I dug into America’s widening power-bill divide: https://t.co/cfEbxeeevh
GA has the money to fund free school meals statewide, if it stops giving billions in data center tax breaks. One program alone deprives K-12 schools of ~$300M, yet UGA finds 70% of DCs would build anyway. Lawmakers must reconsider these costly programs:
https://t.co/Qj9cq1hZy2
“If data centers are going to locate in WV, they could be a source of funding for schools at a time when it’s desperately needed. But all these tax breaks are standing in the way of making sure local communities and schools benefit from their development.”
OBBBA helped Big Tech companies write off their costs for equipment – much of which was likely used for AI and data centers.
$27 billion in depreciation tax breaks went to 5 Big Tech companies alone last year.
https://t.co/ON7fvqULPr
Companies paying their full share of taxes “benefits everybody,” @kellakelWV told @The74, while philanthropic donations or sponsorships allow corporations to “pick and choose the things that they want to fund.” https://t.co/eiEI9T11nC
States are giving data centers billions in tax breaks while communities lose revenue for schools and other public services.
What can states do differently?
Join @GoodJobsFirst and @_ClimateXChange TODAY at 3 p.m. ET to explore policy solutions.
https://t.co/Y7IYJEhY1N
One reason prices are soaring: Amazon uses at least 3 different price-fixing tactics to compel competing retailers to raise their prices. How is that possible? This smart Business Insider video explains, drawing on evidence uncovered ahead of Amazon's upcoming antitrust trials.
New York Power Authority gives data centers discounted electricity without disclosing how much they're saving. Our Alex Camarda calls for transparency: “[NYPA] should undoubtedly disclose how much the state is subsidizing companies in total and individually for low-cost power.” https://t.co/E0sDKqUZyG
Shoe maker Steve Madden received $92 million in tariff refunds.
After noting that it was “pleased overall with consumer acceptance of the price increases,” the company says it will use those tariff refunds to “pay down debt.”
https://t.co/AArHLe4bPM
Data centers get tax breaks and other giveaways in multiple ways and across governments: Virginia's sales and use tax cost $1.6B in one year; a federal bonus depreciation provision in OBBA cut Meta's federal income tax bill from $9.6B billion to $2.8B, a 71% drop.
"In truth, the railroad industry was horrifyingly dysfunctional, environmentally destructive, riddled with graft and theft, and above all, unprofitable for all but a few people.
AI seems poised to play out in the same way."
https://t.co/L0gzk2Ya2W
Already at the frontlines of the cancer-causing petrochemical industry, Louisiana now faces a new wave of AI data center development and, with it, new sources of pollution. https://t.co/mubUUOaGcZ