US Rep. Kristen McDonald Rivet Introduces Bill to End Data Center Tax Breaks
U.S. Rep. Kristen McDonald Rivet introduced the "Reverse Big Ugly Tax Breaks for Data Centers Act" to eliminate significant tax benefits for data center development. The bill aims to redirect these tax "giveaways" from tech companies to American families.
U.S. Rep. Kristen McDonald Rivet, a Democrat from Bay City, Michigan, has introduced a bill titled the "Reverse Big Ugly Tax Breaks for Data Centers Act." This legislation, co-sponsored by Rep. Don Davis of North Carolina, proposes to revoke key tax benefits for data center development, specifically targeting the 100% bonus depreciation tax deduction and Opportunity Zone tax benefits.
McDonald Rivet stated that the purpose of the bill is to reallocate financial resources from "Big Tech companies" to American families, arguing that existing tax breaks for data centers are contributing to financial strain on working parents. The bill has received support from 25 Democratic co-sponsors, highlighting a legislative effort to reform tax policies affecting the technology sector.