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New ITEP analysis: What Federal Tax Policy Can Do About AI
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ITEP
ITEP has a new brief out today looking at a question that is likely to become increasingly important as AI transforms the economy: What role should federal tax policy play in responding to AI?
The report doesn’t endorse a single “AI tax.”
, with potential approaches ranging from taxes tied to job displacement to taxes on AI usage or the enormous energy demands of data centers.
Give the public a direct stake in AI’s growth, including through proposals that would require large AI companies to provide stock to a publicly owned investment fund.
The report also digs into some of the practical challenges with newer ideas, including taxes on companies that replace workers with AI, taxes on AI “tokens,” energy taxes on data centers, and proposals for public ownership stakes in major AI companies.