July 01, 2025

Politico Pro: Morning Tech: FIRST IN POLITICO: ANSWERS, PLS

In an 11th-hour blitz of letters to top tech CEOs last night, Sen. Elizabeth Warren (D-Mass.) is demanding they disclose how much their companies stand to benefit if a key tax break is restored as part of Trump's megabill.

Tech emerged as a massive winner from Trump's 2017 tax cuts, and Warren warned it could walk away with a windfall again. She accused Amazon’s Jeff Bezos, Apple’s Tim Cook, Alphabet’s Sundar Pichai, Meta’s Mark Zuckerberg and even Tesla’s Elon Musk of extensive lobbying to restore a lucrative benefit that lets the industry write off R&D expenses right away.

"You have spent millions cozying up to President Trump and Congressional Republicans, and they now appear ready to return the favor by handing you billions of dollars in tax breaks - with American families footing the bill," she wrote.

Read the full story here.


By:  Anthony Adragna
Source: Politico Pro