Three Senate Democrats, Elizabeth Warren, Chris Van Hollen, and Richard Blumenthal, released a report on October 9, 2026 estimating that state and local tax breaks for data centers have cost billions in public revenue. The investigation targeted seven companies: Amazon, Alphabet (Google’s parent), Meta, Microsoft, CoreWeave, Digital Realty, and Equinix, accused of actively seeking these incentives without providing comprehensive data on job creation. Meta’s federal income tax notably dropped from $9.6 billion in 2024 to $2.8 billion in 2025. Data center construction in the US has quadrupled over four years, with hyperscaler spending expected to reach $700 billion in 2026. The report also highlights transparency issues related to NDAs that limit public access to information about these projects.
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