Senate Democrats say data center tax breaks are costing billions
Photo: Crypto Briefing
A new report from Warren, Van Hollen, and Blumenthal argues that tech giants collect the incentives while local communities absorb the costs Three Senate Democrats want to know who is really paying for the AI construction boom. Their answer: state and local governments, which they estimate have given up billions in tax revenue to bring data centers to town. Senators Elizabeth Warren, Chris Van Hollen, and Richard Blumenthal released the report on October 9, 2026. It is titled Power and Profits: How the AI Data Center Boom Costs Households and Communities .
Source: Crypto Briefing
