The Washington Post reported that Apple’s CEO, Tim Cook, dumped $1m into Trump’s inauguration, cultivated relationships with Trump officials, and “refrained from publicly criticizing the president or his policies on national television” – just before securing tariff exemptions for his company’s products.
“Declines in labor-based tax receipts could offset or exceed other AI-related tax gains,” Moody’s notes, echoing similar calls from the IMF that fiscal policy include progressive taxation and social protections to mitigate AI-related budgetary impacts.
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