Congressman Auchincloss introduces a bill imposing a digital ad tax on Big Tech to fund education initiatives.
Quiver AI Summary
Congressman Auchincloss proposes new tax on Big Tech: U.S. Representative Jake Auchincloss has introduced the Education Not Endless Scrolling Act, which aims to impose a 50% excise tax on digital advertising revenue exceeding $2.5 billion. The intention is to direct funds toward one-on-one tutoring, vocational-technical education, and local journalism.
Legislative intent and concerns highlighted: Auchincloss commented on the impact of Big Tech on civil discourse and youth, claiming that tech companies exploit addictive behavior for profit. He stated the bill aims to reclaim revenue for societal benefit, while co-sponsor Congresswoman Maggie Goodlander emphasized the need to hold these corporations accountable.
Funding allocation under the act: The proposed tax revenue will be divided among three funds: the Local Journalism Preservation Trust Fund, a One-on-One Tutoring Trust Fund, and a Career and Technical Education Support Trust Fund. This allocation seeks to address the decline of local news and support educational initiatives for children.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jake Auchincloss Fundraising
Jake Auchincloss recently disclosed $536.6K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 140th most from all Q3 reports we have seen this year. 81.5% came from individual donors.
Auchincloss disclosed $158.8K of spending. This was the 379th most from all Q3 reports we have seen from politicians so far this year.
Auchincloss disclosed $6.5M of cash on hand at the end of the filing period. This was the 36th most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Jake Auchincloss's fundraising on Quiver Quantitative.
Jake Auchincloss Net Worth
Quiver Quantitative estimates that Jake Auchincloss is worth $4.0M, as of December 5th, 2025. This is the 189th highest net worth in Congress, per our live estimates.
Auchincloss has approximately $2.1M invested in publicly traded assets which Quiver is able to track live.
You can track Jake Auchincloss's net worth on Quiver Quantitative's politician page for Auchincloss.
Jake Auchincloss Bill Proposals
Here are some bills which have recently been proposed by Jake Auchincloss:
- H.R.6335: To amend the Internal Revenue Code of 1986 to impose a tax on digital advertising services, and for other purposes.
- H.R.6334: To amend section 230 of the Communications Act of 1934 and the TAKE IT DOWN Act to combat cyberstalking and intimate privacy violations, and for other purposes.
- H.R.6333: To ensure responsible age assurance practices within the mobile ecosystem, particularly concerning the protection of minors, and for other purposes.
- H.R.6171: To amend the Patient Protection and Affordable Care Act to establish an out-of-pocket limit on spending for prescription drugs.
- H.R.4438: Power of the Mint Act
- H.R.409: Supporting Transit Commutes Act
You can track bills proposed by Jake Auchincloss on Quiver Quantitative's politician page for Auchincloss.
