If with AI comes unemployment, this group of lawmakers wants AI companies to foot the tax bill. A new House proposal would impose an excise tax on major AI companies and automatically raise the rate if unemployment climbs, funneling the money into creating jobs in areas from housing construction and infrastructure to child and elder care.
“If Congress does nothing, the rise of AI could create the biggest wealth transfer in history from the bottom to the top,” said Rep. Sara Jacobs (D-Calif.) in a joint press release of the bill. “If AI profits off human work, workers deserve job security and a share of those profits.”
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