“Schools rebranding race-based preferences as equitable, inclusive, or diversity-enhancing does not change their discriminatory nature," Treasury Secretary Scott Bessent said in a statement.
Initial results showed that residents of Independence, Mo., voted overwhelmingly to recall an official who backed billions of dollars in tax breaks for a data center.
Georgia Rep. Richard McCormick joins "On Balance with Leland Vittert" to discuss the GOP's struggle to sell the benefits of data centers to voters and why he believes tax breaks aren't needed to attract them to communities. "On Balance with Leland Vittert" takes a critical look at some of the day's hottest subjects.
Proposed guidance from the Treasury Department clarifies how employer and employee contributions to the new accounts would work.
‘Good neighbor’
Data centers are going up across America at a record pace and neighbors are fighting back. In this explainer, Newsnation’s Elizabeth Prann breaks down the fight over the buildings powering the AI boom: what they are, why they’re spreading, and who pays for them. Thousands of data centers now operate nationwide, with hundreds more under construction, some dropped straight into downtowns, like the Miami facility beside luxury condos, where residents say the hum of the cooling fans never stops. Now– New York Gov. Kathy Hochul signed the nation’s first statewide moratorium on hyperscale data centers, pausing permits for up to a year while the state writes new rules and moves to repeal industry tax breaks. President Trump, meanwhile, is…
California has introduced an official LGBT Business Enterprise certificate, which comes with all sorts of cool tax breaks if you're a certified gay. Sounds great, right? However, the state is doing its due diligence by testing all applicants to determine if they are gay enough.
"Data center, she's a diva."
Pritzker had asked lawmakers this year to suspend the incentives while they develop a comprehensive review of how the facilities are impacting communities. They didn't act on that request, so Pritzker plans to do it himself.
Trump wants to suspend the federal gas tax, but state-level gas tax breaks could have a bigger impact at the pump.