Tag Archives: senators

“The lunch was spirited,” said Sen. Ted Cruz (R-Texas), one of the more vocal attendees. “Google deflected, refused to provide any data, repeatedly refused to answer direct questions.” The senators’ furor is part of the broader conservative crusade against the major tech companies, who they claim routinely stifle right-wing speech. The companies, including Facebook and Google, have denied these allegations, while researchers have found that there is no evidence that the social… Source link

Senators Cynthia Lummis (R, WY) and Kirsten Gillibrand (D, NY) are proposing a tax exemption for up to a certain level of capital gains on cryptocurrencies, as part of new forthcoming legislation to regulate cryptocurrencies. “We came up with a number of $600 just start out with, but among the things that we’re doing is sharing our bill draft with a number of our constituents so we can get feedback,” Lummis said in an interview with Yahoo Finance. “Is $600 the right number? Should it be… Source link

Saule Omarova, President Joe Biden’s , sketched out the possibility of “scary” scenarios emerging in cryptocurrency, but faced a mix of skepticism and agreement from senators on her views. During her appearance before the Senate Banking Committee on Thursday, Omarova — who is being vetted to be the next Comptroller of the Currency, which regulates the majority of the nation’s banks — voiced concerns that large tech companies could control the payment infrastructure in the U.S. if… Source link

By David Lawder and Joel Schectman    WASHINGTON, July 18 (Reuters) – U.S. lawmakers trying to salvage a $1.2 trillion bipartisan infrastructure bill have dropped a provision to beef up tax enforcement, Republican Senator Rob Portman said on Sunday, setting aside a significant revenue-raising measure.    The provision, aimed at increasing Internal Revenue Service (IRS) collections, will instead likely be added to a separate budget “reconciliation” bill being pushed by Democrats as a… Source link

Sens. Amy Klobuchar, D-Minn., and Mike Lee, R-Utah, are seen during a Senate Judiciary Committee hearing in Dirksen Building titled “5G: National Security Concerns, Intellectual Property Issues, and the Impact on Competition and Innovation,” on Tuesday, May 14, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images The two top senators on the Senate Judiciary subcommittee on antitrust sent a letter to Google Tuesday asking about an alleged call to Tinder-maker Match Group the day before its… Source link

Here’s what you need to know: An AirTag, which Apple introduced this week as an attachment that helps owners find lost items, and which Tile says is a copy of its trackers.Credit…Apple, via Reuters Tile said Apple boxed out its products and then copied them. Spotify said Apple blocked it from telling customers that they could find cheaper prices outside its iPhone app. And Match Group testified that it now paid nearly $500 million a year to Apple and Google in app store fees, the dating… Source link

A panel of U.S. Senators questioned officials from Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their power at the expense of smaller competitors. Amy Klobuchar, the top Senate Democrat on antitrust issues, said Apple and Google can use their power to “exclude or suppress apps that compete with their own products” and “charge excessive fees that affect competition.” App makers like music… Source link

The Week I was wrong about Mitt Romney The Donald Trump phenomenon is purported to have divided friendships, families, and even marriages. I can attest to this fact in my own suburban Washington household, for this perhaps peculiar professional reason: It has occasioned my wife, the longtime sufferer of all my hot takes, to ask approximately one-thousand times whether I finally feel bad about all the mean things I said about Mitt Romney.The short answer is, yes!Romney, now the junior senator… Source link

“[It] allows digital businesses to let users post things but then not be responsible for the consequences, even when they’re amplifying or dampening that speech,” Prof Fiona Scott Morton, of Yale University, .css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid… Source link

WASHINGTON (AP) — Less than a week before Election Day, the CEOs of Twitter, Facebook and Google are set to be grilled by Republican senators making unfounded allegations that the tech giants show anti-conservative bias. Democrats want to expand the discussion to include issues such as the companies’ impact on local news. The Senate Commerce Committee has summoned Twitter CEO Jack Dorsey, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai to testify for a hearing Wednesday. The… Source link