REP. SYKES COSPONSORS BILL TO REIN IN TAX GIVEAWAYS TO DATA CENTERS

Washington, Sept. 22 -- Representative Emilia Sykes issued the following press release:

WASHINGTON, D.C. - U.S. Representative Emilia Sykes (OH-13) cosponsored the Reverse Big Ugly Tax Breaks for Data Centers Act, which would rein in tax giveaways for data center development.Last year, the One Big Beautiful Bill Act (OBBBA) significantly expanded tax breaks that have helped spur the construction of AI data centers; that same legislation cut over $1 trillion from Medicaid and SNAP food assistance. The Reverse Big Ugly Tax Breaks for Data Centers Act would exclude data centers from benefiting from those OBBBA tax breaks. Specifically, the bill would exclude data centers from being able to take the 100% bonus depreciation tax deduction, and f...