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Democrats Want To Tax AI Companies for Job Losses That Haven't Happened
['Reem Ibrahim', 'Charles Oliver', 'Hunt Beaty', 'Elizabeth Nolan Brown', 'Peter Bagge', 'C. Jarrett Dieterle']
Reason.com
On Thursday, Rep. Greg Casar (D–Texas) introduced the AI Tax and Work Protection Act, which would impose a federal excise tax on major AI firms to establish and fund a federal jobs program.
Our tax system basically gives companies huge tax savings when they automate a job, because we currently tax wages but not AI," he added.
That's wrong, and an AI tax would start to change it by leveling the playing field."
This bill is part of a wider push to increase taxes on AI companies.
This bill is just one more way to tax companies that progressives do not like, without consideration for the harms it may cause.