Congressional scorekeeper whose 2023 estimate of carried-interest revenue was $63.1 billion.
Seven Senate Democrats led by Ron Wyden want Meta to explain by Oct. 31 whether R&D credits worth $6.6 billion over 2023-2025 covered AI data centers. Only Meta is named, so any read-across to other hyperscalers' AI capex accounting is inference.
Reality
A House committee handed crypto users a break on fees of $10 or less and paid for it by importing the anti-abuse rules that govern stocks, and the traders who harvest losses in December are the ones paying.
Perspective Coverage
5 publishersReality
Meta cut $3.9 billion from its 2025 tax bill with research credits after classing AI data-center chips as pilot models, The New York Times reported. A reserve that grew alongside the credits suggests an IRS win would cost Meta more in cash than in reported profit.
Reality
A House committee has voted to let gamblers deduct all of their losses again, retroactive to tax years beginning after December 31, 2025, so the cap written into July's tax law would never touch a filed return.
Reality
A Tax Foundation analysis puts a decade of deficit reduction from taxing carried interest as ordinary income at $16.3 billion, and at $6.1 billion once behavior adjusts.
Reality