AI-Fueled Job Displacement Anxiety Triggers Tax Code Scrutiny

Renewed Congressional interest in artificial intelligence’s impact on jobs is spurring new hope that lawmakers will address concerns that the tax code favors automation.

Senate Majority Leader Chuck Schumer (D-N.Y.) has scheduled a series of briefings on AI as lawmakers attempt to understand the technology’s developments and capabilities, and find ways to regulate its use.

But some economists say the tax code can also serve as a guardrail against bad effects on the workforce, as a recent Goldman Sachs report shows that AI could expose as many as two-thirds of US occupations to some degree of automation. Republicans, though, are ...