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55 articles, grouped into stories

Federal judge sides with Kalshi to block new Illinois regulations on prediction marketsIllinois is among several states pushing to regulate the booming industry, which strongly resembles traditional gambling.

Chicago Sun-Times22h agoWhole story →

Technology illinois prediction market ruling

Rural Data Centers Are in for a Big Federal Tax BreakUnder the One Big Beautiful Bill Act, data center projects in rural areas could be eligible for major tax benefits starting next year. Some hyperscalers do not seem eager to take the free cash.

WIRED2d agoWhole story →

Technology rural data center tax break

Data Centers Could Sink Republicans in November Midterm ElectionsRepublicans are confronting a political liability over data centers as voter concerns about rising electricity bills intensify ahead of the November midterm elections, according to party strategists. [1] Senate Democrats blocked legislation sponsored by Sen. Jon Husted (R-OH) that would have required states and some utilities to consider a standard…

Natural News3d agoWhole story →

Technology Jon Husted november midterm elections

How The GOP’s Signature Law Is Fueling One Of Its Biggest Political ProblemsRepublicans are scrambling to deal with a data center boom they cheered on not long ago.

HuffPost4d agoWhole story →

Technology HR 9340 midterm election fallout

NJ Tax Court Tosses Online Sellers’ Income Tax Expansion CaseNew Jersey’s regulations expanding income tax obligations to out-of-state online merchants don’t exceed the state’s authority under federal law, the state tax court ruled Thursday.

Bloomberg Tax News5d agoWhole story →

Technology nj online sales tax ruling

Meta classified Zuckerberg as a researcher to claim $355 million tax break on $4.1 billion pay, NYT reportsMeta turned billions of dollars in Mark Zuckerberg’s stock compensation into a research tax break, arguing that its CEO’s work building Facebook qualified him for a federal government incentive for technological research. The company claimed roughly $355 million in tax savings tied to $4.1 billion in stock options Zuckerberg exercised, according to a New…

TechStartups.com6d agoWhole story →

Security meta tax dispute

How Meta uses AI data centers to avoid billions in federal taxesMeta is exploiting a lucrative tax break intended to support research and experimentation. Its own accountants say the gambit is risky.

The Mercury News6d agoWhole story →

Technology meta tax avoidance scandal

The Data Center ElectionA nationwide backlash is forcing candidates onto unfamiliar ground

Newsweek6d agoWhole story →

Technology midterm elections

Democrats killed the Clarity ActDemocrats should remember the people they represent and do what's best for them, not what's best for their political calculus, consultants, and special interests, writes Sen. Tim Scott (R-S.C.).

CoinDesk7d agoWhole story →

Economy Tim Scott clarity act vote

Meta, Google, Amazon, Microsoft draw Warren questions about AI tax breaksSen. Elizabeth Warren is asking the leaders of Meta, Google, Amazon and Microsoft about AI and data center subsidies authorized by GOP legislation.

CNBC8d agoWhole story →

Economy Elizabeth Warren HR 9340 ai tax subsidy probe

Democrats Take Upper Hand on Data Centers in Ohio Senate BattleDemocrats hold a polling edge on data centers as Sherrod Brown targets Jon Husted’s record in Ohio’s tight Senate race.

Newsweek11d agoWhole story →

Economy Jon Husted HR 9340 ohio senate race

Sen. Kelly Pushes AI Tax Measures to Fund Workforce SupportSen. Mark Kelly (D-Ariz.) introduced a bill Thursday that would place three excise taxes on artificial intelligence to feed a federal trust fund dedicated to retraining a displaced American workforce.

Bloomberg Tax News12d agoWhole story →

Technology Mark Kelly ai tax bill introduction

Derrick Van Orden holds press conference discussing his view on data centersRepublican Incumbent, Derrick Van Orden, held a press conference in Menomonie on Thursday looking to clear his record.

WEAU12d agoWhole story →

Economy Derrick Van Orden wisconsin 3rd congressional district race

Mark Kelly says AI won’t kill us, but could kill jobsSen. Mark Kelly has a new bill aimed at helping people who lose their jobs to AI. He spoke to The Arizona Republic about his ideas.

The Arizona Republic12d agoWhole story →

Economy Mark Kelly ai regulation proposal

Read Spanberger's letter to Congress about AIDownload PDF Gov. Abigail Spanberger called on Congressional leaders to take immediate action to control dangers from rapid AI development Dave Ress

Richmond Times-Dispatch13d agoWhole story →

Technology Abigail Spanberger virginia data center regulation

Gov. Moore's data center guardrails put politics, tax breaks and local concerns in focusGov. Wes Moore’s new executive order on data centers aims to put Maryland in the middle of a fast-growing national debate over artificial intelligence, utility

Baltimore News13d agoWhole story →

Economy Wes Moore maryland data center regulation

As Ohio lawmakers return to tackle gas prices, data center opponents want a pause, tooConserve Ohio, which wants to ban new large data centers in the state, called on lawmakers to halt development of new projects for 12 months when they return to Columbus next week to consider pausing Ohio's gas tax for 90-days.

cleveland.com13d agoWhole story →

Economy ohio gas tax pause consideration

How would November levies affect your tax bill? Cuyahoga County calculator offers estimateCuyahoga County offers two online tools to help homeowners estimate the impact of November ballot levies on their property taxes, with a median-priced home potentially seeing hundreds of dollars in added annual costs.

cleveland.com14d agoWhole story →

Technology november ballot levies

Moreno proposes federal tax to offset data center tax breaksSen. Bernie Moreno plans to introduce federal legislation would effectively cancel any state or local tax incentive for data center development by taxing companies for the same amount.

cleveland.com18d agoWhole story →

Economy Bernie Moreno data center tax breaks proposal

As data center backlash grows, another GOP governor draws a lineNevada Gov. Joe Lombardo's new executive order comes amid a broader political reckoning with data centers and AI as he faces reelection.

POLITICO18d agoWhole story →

Economy Joe Lombardo nevada gubernatorial election