Bloomberg Tax
May 17, 2021, 8:46 AM

New Tech Lobby Curries Favor With Rare Embrace of Higher Taxes

Lydia O'Neal
Lydia O'Neal
Reporter
David Hood
David Hood
Reporter

A group of tech giants, echoing Amazon founder Jeff Bezos and the CEO of Lyft, is pushing for something companies almost never ask for: higher taxes.

The Chamber of Progress—a group of Silicon Valley companies that launched in March to counter some of the anti-tech undercurrents on Capitol Hill by courting Democrats—is advocating for a higher corporate tax rate, which President Joe Biden recently proposed hiking to 28% from 21%.

This isn’t what corporate trade groups are expected to do. But the Chamber, whose “corporate partners” are Amazon, Google, Uber, Lyft, Facebook, Twitter, and a handful of ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.