S. 5664, Worker Displacement Protection & AI Tax. Quorum's AI analysis reads it as a net benefit — and names who gains.
S. 5664 · Net good
What it does
This bill creates a comprehensive worker support program for people displaced by automation and AI, funded by a new tax on large AI companies. It establishes the Worker Adaptation and Training Program offering retraining, income support (up to 85% of prior wages), relocation assistance, and healthcare to displaced workers; requires federal agencies to prioritize employment during high unemployment; and creates tax incentives for employers who retrain workers in at-risk occupations.
The analysis names Displaced workers (income support, retraining, healthcare) — and 3 more groups — among the beneficiaries.
The trade-off
The AI excise tax applies only to companies with US AI receipts exceeding $50M, potentially exempting smaller AI startups and foreign-based providers, concentrating the tax burden on large established AI firms.
The analysis put a high warning level on this bill. Transparency scores 72%, and the analysis found no provisions unrelated to the bill's subject.
Who is behind it
Filed by Brian Schatz. Cosponsored by Cory Booker.
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