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Sen. Ron Wyden Proposes New Tax for Data Centers
Senator Ron Wyden has introduced a proposal to impose a new tax on data centers, which would limit certain tax deductions and introduce a gross receipts tax. Critics argue this could increase internet service costs. Meanwhile, Energy Secretary Chris Wright claims oil exports from the Arabian Gulf have exceeded pre-war levels, a statement met with skepticism from analysts. Chicago's mayor is also advocating for a moratorium on new data centers to regulate their impact.
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Senator Ron Wyden has introduced a proposal to impose a new tax on data centers, which would limit certain tax deductions and introduce a gross receipts tax. Critics argue this could increase internet service costs. Meanwhile, Energy Secretary Chris Wright claims oil exports from the Arabian Gulf have exceeded pre-war levels, a statement met with skepticism from analysts. Chicago's mayor is also advocating for a moratorium on new data centers to regulate their impact.
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