Sen. Warren: Big Tech's tax breaks could have covered benefits for millions of Americans
Data can paint a much starker contrast than words alone, and US Senator Elizabeth Warren (D-MA) appears to get that. On Friday, her office published numbers on Big Tech's tax breaks in Republicans' "Big Beautiful Bill." When compared with the benefits those sums could have provided for working families, it helps to fortify what some might otherwise dismiss as run-of-the-mill rhetoric.According to Sen. Warren, the bill's tax breaks for Microsoft alone will total $12.5 billion in 2026. When compared with the average cost of SNAP benefits, that sum could have provided food assistance to 5.2 million people. Or, it could have covered Medicaid for 1.6 million adults (or 3.8 million children), or lowered Affordable Care Act (ACA) premiums for 1.9 million Americans.Meanwhile, Warren says Amazon is set to score a $16 billion tax break this year. That's the equivalent of Medicaid for 2 million adults (or 5.4 million children), lower ACA payments for 2.4 million Americans or SNAP benefits for 6.6 million people.What about the tax breaks Alphabet gets? Warren says Google's parent company is looking at a $17.9 billion tax cut this year. That could pay for Medicaid for 2.3 million adults (or 5.4 million kids), lower ACA premiums for 2.8 million people or food assistance for 7.5 million people.If you’re confused about why Big Tech is helping to pay for a lavish White House ballroom, look no further. Regardless, Warren’s analysis goes on to break down the $137 billion in tax breaks for all corporations in 2026, the $132 billion routed to the wealthiest one percent in 2027 and more. You can read the senator's full report for more details."Donald Trump and Republicans in Congress are knocking millions of Americans off their health insurance and ripping away food assistance from families — all so they can fund giant tax cuts for billionaires and giant corporations," Warren said in a statement. "This is a matter of priorities: Trump and Republicans are fighting for their billionaire buddies, while Democrats are fighting for American families."This article originally appeared on Engadget at https://www.engadget.com/big-tech/sen-warren-big-techs-tax-breaks-could-have-covered-benefits-for-millions-of-americans-174831791.html?src=rss
