The plan doesn’t include specific details of how much the data centers would be taxed, but provides contours and lays the groundwork for a legislative push. AdvertisementThe first is removing existing investment incentives in the tax code that can be applied to data centers, and the second is the creation of a “data center public investment excise tax” that would apply to new data centers. The Wyden white paper emphasizes that hyperscaler spending on data centers is expected to be roughly $700 billion, “with no end in sight.” The document also specifies that the tax would apply to any data centers located in space. SpaceX CEO Elon Musk and Amazon CEO Jeff Bezos have proposed orbital data centers.