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
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
Why are hotels so expensive? A new lawsuit alleges that travel website Expedia is rigging the entire market, exploiting its leverage over 80% of all online bookings to inflate hotel prices in every booking channel by 15-30%.
It's an economy-wide price fixing scheme, not unlike what Amazon does to retail. /
“In a majority Black city, moving half a billion of public support into private ownership is not philanthropy — it is public wealth extraction. If this is truly philanthropy, the developers should prove it by putting the civic space in public ownership."
https://t.co/JJ3BYAwc5z
As electeds in DC debated huge cuts to services and infrastructure one asked: “And yet I’m going to find over a billion dollars to build a stadium that’s going to get used 25 to 30 times a year? We really have to ask ourselves about the trade-offs.”
https://t.co/jXqZhZveUn
Most people attending a game aren't out-of-town visitors, they're locals who spend there instead of elsewhere in town. And every dollar spent building a gold-plated stadium is money that could have gone to schools, parks, roads, small biz supports, etc
https://t.co/KKa7QbDS5u
This was 2018 & the evidence has only continued to mount in years since.
By now robust Housing Mobility services should be available in every city, including search assistance, help w/ security deposits, & orientation to new neighborhoods.
Walmart says it doesn't plan on using surveillance pricing. We dug up a decade's worth of their patent applications that suggest otherwise.
Corporations don’t make this kind of investment in technology they plan on letting gather dust.
Our @owenslindsay1, @NiaMLaw, & @ENPancotti in @LeverNews. https://t.co/KzXQRXZJhE
"189 of Virginia's 197 data center air permits were issued with no public notice or hearing required, even though each can allow a facility to emit up to 100 tons of a single pollutant per year from burning diesel or natural gas; 91 of those ... permits are in Loudoun County."