o The United States faces a trillions of dollars budget deficit problem, but Treasury Secretary Scott Bentsen's countermeasures are limited.
o Particularly, the AI investment boom is cited as a factor exacerbating the US fiscal problem in the short term.
o Corporate tax revenue for the 2026 fiscal year decreased by 23% compared to the previous year, and this is due to the OBBBA (One Big Beautiful Bill Act)* tax revision bill of the Trump administration.
* By granting immediate full cost treatment and depreciation benefits for corporate facility/data center investments, big tech companies are investing large sums of money in AI infrastructure expansion, significantly widening the scope of corporate tax reductions subject to upper accounting.
o In addition, the massive issuance of long-term bonds by hyperscalers for infrastructure construction is putting pressure on the US Treasury market by competing with government bond issuance for funding.
o Ultimately, AI has the potential to bring about productivity improvements and economic growth in the long term, but in the short term, it increases tax revenue reduction and inflation risks, further complicating the US fiscal problem.
If AI-related investment funds do not quickly prove corresponding productivity improvements and actual profitability, it seems that the entire global financial market will continue to be unstable.
▶ Source: https://www.reuters.com/commentary/reuters-open-interest/us-fiscal-hole-has-an-ai-problem-its-core-2026-08-25/
