Sen. Moreno Voices Opposition to Tax Breaks for Data Centers Amid Voter Backlash
Senator Bernie Moreno (R-OH) has voiced strong opposition to tax breaks for data centers, stating he doesn't want taxpayer money supporting such facilities. He plans to introduce federal legislation that would impose a 100% federal tax on any state or local tax incentives granted for data center construction. These remarks were made during the Ohio Energy Affordability Summit.
Senator Bernie Moreno, representing Ohio Republicans, has publicly declared his opposition to offering tax breaks for data centers, stating a firm stance against using taxpayer dollars for their support. He made these comments during the Ohio Energy Affordability Summit, an event sponsored by Club for Growth and Arnold Ventures.
Moreno announced his intention to introduce federal legislation designed to neutralize state and local tax incentives for data center development. His proposed bill would levy a federal tax equivalent to 100% of any such incentives provided, effectively eliminating the financial benefit for companies. This move comes amidst reported voter backlash regarding these incentives.