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GOP Senator Targets Trump Tax Break
Senator Josh Hawley plans to introduce legislation to close a tax loophole for data centers that he claims is exploited by tech companies to access benefits intended for low-income areas. The loophole, part of Opportunity Zones established in 2017, has been used by data centers to defer or eliminate taxes, particularly in rural regions. Hawley's bill would exclude data centers from these tax breaks, aiming to curb their rapid development amid growing concerns over AI growth and infrastructure.
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