Senator Elizabeth Warren has called out tech giants, alleging they could gain $75 billion in tax benefits from the Trump administration. She is pressing for transparency in their lobbying efforts, seeking detailed information on spending and political contributions, with a response due by March 19.
On Thursday, Senator Elizabeth Warren (D-Mass.) addressed five leading tech companies, asserting they stand to gain $75 billion in tax benefits through their affiliations with the Trump administration. Warren expressed her concerns on social media regarding the potential advantages that Tesla Inc., Amazon.com Inc., Meta Platforms Inc., Apple Inc., and Alphabet Inc. may reap from proposed tax cuts. She emphasized the need for transparency concerning the companies’ lobbying activities and their ramifications on executive pay.
In summary, Senator Elizabeth Warren is demanding clarity from significant tech leaders about their lobbying expenditures that may benefit them due to tax proposals linked to the Trump administration. Highlighting potential federal revenue losses and severe economic implications, she expects a response detailing their financial activities by March 19.
Original Source: in.benzinga.com
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