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Senator Ron Wyden, the Finance Committee's top Democrat, released two draft bills on October 23rd.
One puts an excise tax on data center operators and strips them of , the research credit for equipment and breaks.
The other, the Stability and Opportunity for Workers Act, offers up to two years of income support during retraining, a tuition pilot, and up to 52 more weeks of extended unemployment benefits.
The drafts give Democrats a tax-writing position on AI ready for January that is distinct from the Sanders and Ocasio-Cortez call to halt data center construction outright. The Senate Finance page refused our fetch; details are from CPA Practice Advisor.
Wyden drafts an excise tax on data centers and two years of income support for displaced workers
Senator Ron Wyden, the Finance Committee's top Democrat, released two draft bills on October 23rd. One puts an excise tax on data center operators and strips them of 100% bonus depreciation, the research credit for equipment and Opportunity Zone breaks. The other, the Stability and Opportunity for Workers Act, offers up to two years of income support during retraining, a tuition pilot, and up to 52 more weeks of extended unemployment benefits.
The drafts give Democrats a tax-writing position on AI ready for January that is distinct from the Sanders and Ocasio-Cortez call to halt data center construction outright. The Senate Finance page refused our fetch; details are from CPA Practice Advisor. SourcesAC
Sources
- AWyden unveils proposals on wage security and data centers (Senate Finance Committee)finance.senate.gov
- CWyden data center and worker proposals (CPA Practice Advisor)cpapracticeadvisor.com
This story ran in the Morning Brief of October 31st 2026.