The AI Tax and Work Protection Act, championed by Reps. Greg Casar (Texas), Valerie Foushee (N.C.) and Sara Jacobs (Calif.), would impose a levy on AI developers to fund the program, which is dubbed the Work Protection Administration.
The bill comes amid a growing push from progressive lawmakers on Capitol Hill to tax AI companies. Sen. Bernie Sanders (I-Vt.) introduced a similar bill in June, the American AI Sovereign Wealth Fund Act, which would impose a one-time 50 percent tax on the stock of leading AI companies to be funneled into a sovereign wealth fund.
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