Tech Tax Breaks: A Missed Opportunity for Healthcare Funding

Key Findings:

• Microsoft set to receive $12.5 billion in tax breaks in 2026, enough to provide food assistance to 5.2 million people, Medicaid coverage for 1.6 million adults (or 3.8 million children), or reduce ACA premiums for 1.9 million Americans

• Amazon poised to receive $16 billion in tax reductions this year, which could fund SNAP benefits for 6.6 million people, Medicaid coverage for 2 million adults (or 5.4 million children), or reduce ACA premiums for 2.4 million Americans

• Alphabet (Google) set to receive $17.9 billion in tax breaks in 2024, which could translate into food aid for 7.5 million people, health coverage for 2.3 million adults (or 5.4 million children), or ACA premium relief for 2.8 million Americans

• In 2026, corporations collectively will receive $137 billion in tax breaks, while in 2027, an additional $132 billion will flow to the wealthiest 1% of Americans

Background

The office of U.S. Senator Elizabeth Warren (D-Mass.) has released a report sharply criticizing the tax reduction policies outlined in the Republican-proposed "Big Beautiful Bill." Using concrete data, the report demonstrates that the tax breaks granted to technology giants such as Microsoft, Amazon, and Alphabet—Google's parent company—would be sufficient to fund food assistance (SNAP) or healthcare coverage (Medicaid) for millions of American families.

Microsoft

The report notes that in 2026 alone, Microsoft would receive an estimated $12.5 billion in tax breaks. Redirecting that amount could provide food assistance to 5.2 million people, Medicaid coverage for 1.6 million adults (or 3.8 million children), or reduce Affordable Care Act (ACA) premiums for 1.9 million Americans.

Amazon

According to Warren, Amazon is set to receive $16 billion in tax reductions this year—enough to fund SNAP benefits for 6.6 million people, Medicaid coverage for 2 million adults (or 5.4 million children), or reduce ACA premiums for 2.4 million Americans.

Alphabet (Google)

Alphabet's 2024 tax breaks amount to an even greater $17.9 billion, which could translate into food aid for 7.5 million people, health coverage for 2.3 million adults (or 5.4 million children), or ACA premium relief for 2.8 million Americans.

Corporate and Wealth Tax Breaks

The report also highlights that in 2026, corporations collectively will receive $137 billion in tax breaks, while in 2027, an additional $132 billion will flow to the wealthiest 1% of Americans.

Sources

• https://securityonline.info/warren-report-exposes-tech-tax-breaks-enough-to-fund-healthcare-for-millions/

• https://www.reddit.com/r/technology/comments/1oqxglh/big_tech_tax_breaks_couldve_funded_benefits_for/