Twitter’s decision to accept billionaire Elon Musk’s bid to buy the company and take it private prompted polarized reactions in Washington, D.C.
."I am hopeful that Elon Musk will help rein in Big Tech's history of censoring users that have a different viewpoint."
Meanwhile, many Democratic lawmakers who tweeted about Musk's purchase focused more on his buying power than the potential impact on Twitter's product.that the $44 billion value of the deal is"less than 17% of his estimated $264.6B net worth. Billionaires like Musk pay lower tax rates than firefighters, teachers, and nurses. If that sounds absurd, it's because it is. We need a Billionaire Minimum Income Tax.
"If they can afford to buy Twitter, they can afford to pay their fair share in taxes," Rep. Katherine Clark, D-Mass.,"It's absurd that one person can afford to buy Twitter for more than $40 billion while working families across this country have to choose every day between buying groceries or their prescription drugs," Rep. Pramila Jayapal, D-Wash.,"Just a reminder that from 2014-2018, Elon Musk paid an effective tax rate of 3.
Meanwhile at the White House, Press Secretary Jen Psaki declined to comment on the specific transaction but said,"as a general matter, no matter who owns or runs Twitter, the President has long been concerned about the power of large social media platforms, the power they have over our everyday lives."
She added that President Joe Biden has long supported reforms to hold tech platforms accountable for harm stemming from their services, including by reforming tech's legal liability shield Section 230, enacting antitrust reforms and requiring transparency.
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