Senate Democrats seek info on AI tax subsidies from Meta, Amazon, Google, Microsoft

The four companies have not responded, nor has the White House. Warren’s letter cites a 25 percent drop in corporate tax payments this year and a Congressional Budget Office projection that federal corporate income tax revenue will fall from $452 billion to $404 billion in 2026. Each firm contributed $1 million to Trump’s inauguration and spent millions lobbying Congress. The companies were asked to reply by Oct. 12, and the Ratepayer Protection Act may be reconsidered by the Senate this week.